Today's modern standards call for amenities such as granite sinks, new carpets, fluffy towels, and fine linen. It's no coincidence that Brand New Hotels rank higher by guests.
Since Chain Hotels typically do not charge a premium for brand new or renovated hotels, given the choice between old and new, we would recommend the new hotel! A brand new three star hotel with modern amenities gives the feeling of a five star hotel. You basically get more bang for the buck.