First the positives: great area, an overall helpful staff and a surprisingly good breakfast.
Now the negatives. The place was old, unmaintained and in bad condition. The biggest issue was that it was on the third floor (no elevator, of course) and stiflingly hot during our stay there (no air conditioner, of course). There was also a weird, inexplicable knocking sound from the roof (sometimes aggressively, sometimes less so) every evening at the same time. Because the room had only one window, which was on the slanted roof, we couldn’t see what it was.
Not a good place at all. Though you are paying less than other places in the area, I would avoid it altogether. Weird hotel. Bad value for your money.