The overall impression of the hotel is that it's in need of a bit of TLC, but for the price for that location it was perfectly okay. Reasonable price for a great location.
If there is room enough you might get the whole room to yourself (my 2 friends and I got a 5 bed room all to ourselves). Clean beds & bathrooms. On the negative side, our room had part of an inside wall missing, but this wasn't much of an inconvenience. Also, there are two or three shower bathrooms on each floor, but while we were there almost all of them had one problem or another - one only had hot water, one only cold water, one didn't lock properly, etc. But one was operational on our floor and the floor below us, so we managed fine.
All in all, our stay was pleasant enough, and I wouldn't mind returning to the same place again. Stayed November 2014, travelled with friends.