I must be honest and say I am not at all a fan of this one either. I do not like the overhang on the Water St side and the rather discordant use of different materials leaves me thinking it looks rather disjointed.
Maybe Halifax can get a reputation for "literal" architecture, with a building on the waterfront that looks like a cruise ship, and an overpriced library that looks like a stack of books. If we build a new hotel that looks like a bed then we're in.