I stayed here strictly because of the price ($40 a night through Priceline), so I feel bad complaining, but....I would definitely not pay more for this location. According to Priceline, it is downtown, but it is pretty far from the center of town and separated from the rest of Providence by a highway. There is a shuttle, and the shuttle drivers were very nice, but for this location it would be more convenient to rent a car. I believe they provide a shuttle because they get most of their business from Travelocity and Priceline and people are displeased to find they are actually not downtown. I did figure out how to walk to Wickenden street and it wasn't difficult, but I wouldn't walk in this area alone at night (under the highway).
The hotel has sleep number beds, which suprisingly, I found seriously uncomfortable. My only other complaint is that one night I was there the restaurant and room service closed early with no warning or explanation. Considering the location (there are no restaurants nearby) and the fact that I'm sure business travelers stay here, that shouldn't happen. The rooms were small but clean, and the view from the room (the harbor) was fine. If I had been facing the highway, I'm sure it wouldn't have been.
I won't stay here again, but it should be fine for someone not planning to see the city or who wants to rent a car.