Though an old hotel, it is in good condition. The room is spacious, and the king bed is huge. It is clean and quiet. Room facilities and supplies are adequate: good central air-conditioning, flat screen TV, hair-dryer, safe, fridge, complimentary bottle water, you name it. Things that are not so good about it: 1. location is not ideal, not near any subway station, though it is only a couple of miles away from the Tian'anmen Sqaure; 2. the room is not very sound-proof and you can hear people walking and talking in the hallway.
The special thing about this hotel is it has a Peking Opera theme and there's even a Peking Opera theatre in the hotel lobby.
All in all, would definitly recommend it for a comfortable yet budgte stay oand a cultural experience.