Since this thread doesn't have a whole lot of activity, I figured I'd chime in on a two-night stay last week with a few observations:
Parking is still $5, which seems nickel and diming given room rates, but given the accessibility to downtown I could see where a permit system is necessary.
The Relax reception included a couple of microbrews (one local) and drinkable red/white cask wines. Breakfast had good selection, with three hot offerings being prepared to order: pancakes, French toast, and a third I can't remember. There was also a yogurt bar with fruits, coconut, and other items for toppings or mixing. As noted above, staff were friendly and seemed generally interested in assuring that guests were enjoying their stays.
The adjoining restaurant is under construction, with the "coming in 2016" sign still in the window.
We stayed in a studio suite: it was essentially a large room with an oversized desk and sectional-type sofa with a chaise on the end. The bathroom was quite spacious by hotel standards and had a shower only.
Overall, a great stay. We'd certainly pick the Element again if travels take us to Bozeman.