Traveller's Inn is a great deal and I will continue to enjoy their kind staff, good price, super breakfast and convenience to shopping, parks, and other attractions in Quito.
Unfortunately, on this trip I was accousted by two thieves on the street just 50 meters from the hotel. They used the "Wipe and Swipe" ruse, in which one thief sprays you with some disgusting liquid, and the other thief, whilst offering to clean you up with some towels they just happen to be carrying, tries to flee with your daypack. I knew this trick, and refused to remove my daypack. I hurriedly approached the hotel's gate, and the thieves ran away promptly.
This incident happened at 2 PM with many people on the street! This neighbourhood, El Colon, I guess must be declared "not safe" until further notice and this is going to hurt Traveller's Inn's bottom line. Most likely I will still stay there, but will be even more careful!