Excellent Hotel just 2 stops on the Metro from Karlsplatz. Great rooms with minibar. Great choice of juices, fruit, cereals, bread, pastries etc. etc. for breakfast. Highly recommended.

Stayed at the Falkensteiner Palace from the 12th to the 15th. Initially had room 308 which was very clean but compact. When the reception was spoken to they changed the room to 215 which was much bigger with a lounge area.
Breakfast very good and all in all very good value for money. The area itself is a little quiet, but found two very good restaurants close by namely Zum Alten Fassl & Silberwirt. The location is not bad though, very close to Pilgramgasse underground and various tram stops. Cant praise the staff enough very friendly and helpful throughout.
Please note however that the hotel only has twin beds and no doubles. Maybe something to bear in mind if you want a romantic weekend

Just stayed at this place for a quick business trip to Vienna. Since our company is on a cost minimalization program, I avoided booking a room at the larger, central hotels (about $250-$350 per night). However, I wanted to avoid the situation I was in last time I visited Vienna, in which I stayed at an inexpensive hotel that had a very small room and a tiny twin bed. The Falkensteiner Palace was the perfect solution.

The cost was about half of a major hotel (about $110 per night), and it included the best breakfast buffet I have seen outside of Las Vegas. The lobby is nice, and the recently re-done rooms are very big by European standards and very, very nice. They look like the model rooms from Expo (high-end redecorating store in the US).

Perhaps the only downside I can see is the location, which is still not too bad. Everything is within walking distance, including the subway and the center of town (though it's probably better to take a taxi in cold weather). By the way, taxis are not particularly expensive in Vienna, so this little issue is no big deal.

This place is quite a find, and I feel quite lucky to have taken the chance to stay here.