I stayed there on Monday night. Could only get a "basic single", but having to pop along the corridor (in the nice, provided fluffy dressie and slippers) to the loo/shower is hardly an issue. £61.50 on Piccadilly is good value!
Popped down to the Running Horse and, for once, didn't find anyone I knew. However, had a reasonably priced drink and a meal in pleasant surroundings.
I probably stay there half a dozen times a year and, I agree, rooms are getting more difficult to book.