The standard King room is small. Bathroom is fairly large with shower - not tub or combo. A parking deck accessible both from High St and Forest Ave. advertises $19/night. One might save a little time and valet tips but there will likely be complaints about dragging lugagge uphill on an icy brick sidewalk in January.
There are very well-located Hyatt, HGI, Courtyard, and Res Inn options in Portland now.