Stayed here recently for a weekend getaway, and I liked it.
The main positive is the value for the money. Paid about $125, which is low for Banff, but you get a lot of extras---free underground parking, a massage spa on site, a large hot tub for all guests to relax in, a quiet location far enough from the main shopping area in Banff yet close enough enough to walk to, restaurant in the lobby.
Room was clean, quiet, and basic.
The only small disappointments were: (1) the onsite restaurant was "sold out" for the evening and couldn't go there for dinner (2) the TV was a flat screen with 50+ channels, but the picture quality was poor. Looks like it was an analog or antenna signal, not digital quality, but I let it go, because watching TV in Banff is a waste.
(3) the hotel highly resembles the Fox Hotel just down the street, I went into the Fox thinking it was my Caribou hotel and, whoops, I had to backtrack.
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