Some hotels are old, and others are run-down. The Old Ship Hotel is both. When you stay at an old hotel, you should expect to forgive some quirks, for example, an older, slower elevator. Creaky floors. Slow plumbing. All of those things are perfectly normal and acceptable for a hotel as old as this. The Old Ship, however, is in serious need of refurbishment. My room had cracked plaster coming off the ceiling. The grout in the shower had mildew that was long neglected. The walls and furniture were dirty and damaged. Some of the carpets are held down with tape in the common areas and appear to have been that way for a long time.
For the price, you can certainly stay elsewhere that will be a lot nicer. I won't be booking again.