If you only need a comfy bed, then this is your place. If you need anything else, like housekeeping to make your bed, toilet paper, or a quiet night's sleep, then you're probably better off booking a hostel.
During the 4 nights we stayed there, we were offered 1 roll of toilet paper, and despite asking for more we never got any and had to get our own.
During the 4 nights, our room was cleaned once. The first day, housekeeping just made the bed and chucked the throw blanket in the corner of the room. The next two days we came back and it was clear that no one had come in the room to do anything other than give another small towel.
The hotel is right by some city bins as well - so expect about 10 minutes of loud bin noise every night.
Breakfast is average - but we ended up going out for fruit and the local bakery instead.
All you're really paying for is the location - which I reckon there's better offers out there.