PROS:

For 55 Egyptian Pounds per night, you get a single room (with a double bed), a private bathroom, and a generous breakfast each morning (cereal, milk, lemonade, fruit salad with crepes, bread, jam, butter, and coffee).

The rooms also come with mosquito coils, soap, two decent sized towels, some have a fridge, all have AC, and all include toilet paper. A nice thing about this hotel is you get fresh sheets, and towels every day.

Happy Land Hotel, like other budget hotels, also rents out bikes. They charge 10 Egyptian pounds for the day. My advice is rent a bike on the West Bank. That way you can avoid the annoyances of touts who want to help you cross the Nile (and you'll save yourself 1 pound and a headache by not taking a bike on the local ferry).

Bottled water at the hotel is pretty cheap at 1.5L for 2EL.

Although the hotel is not licensed, you can drink beer/wine in your own room.

There's a restaurant located on the roof terrace. It's pricey, but some of the meals are amazing. Try the club sandwhich, it'll leave your mouth watering for more. Neat thing about the restaurant is if it's a cool night, or you just want to eat by yourself, you can take your dishes down to your room (provided you return the plates when you're done).

If cheaper fare is your style, there's a real cheap restaurant further down the street (it's to your left, near the end of the street, when you exit the hotel).

There are two very handy maps of Luxor in the lobby. It would be nice if the Hotel offered small paper versions of those maps, to make it easy to navigate around town.

Front desk service is friendly. My advice is don't book a donkey or felucca ride through the hotel (unless you hate bargaining and haggling, or you’re afraid that a tout will ask you for $50US! to get off his donkey). If you like to bargain, and you’re no stranger to haggling, you'll find better deals where the donkeys and feluccas are actually located. If you're in a group, then the deals through the hotel may actually be better than bargaining on your own.

In any case, if you ask the front desk, they'll tell you what you should be paying for ferries, for museums, and for taxis (and at that they are very honest and knowledgeable).

Many nationalities use this hotel. When I stayed, there was a French woman, a couple of Germans, an Australian, some Scandinavians, a Japanese and some Chinese tourists.

Laundry service is available at the hotel. It was pretty cheap for me. I did a huge load for 14EL.

Also, if your train/flight leaves late in the day (i.e. past noon, which is checkout time), you can leave your bags in a room on the rooftop. There was no charge for this service. You can also take a free shower after you've checked out (just make sure you bring your own towel for that one).

CONS:
Location. Happy Land Hotel is a bit out of the way, but it is in a quiet, albeit decrepit looking street. The nice thing is it's real close to Nile street (the main drag). When you exit the hotel, hang a right, take your second left, and then hang a right.

The only down side to this proximity to Nile street is finding your way back. I got a little lost trying to find the hotel agian. If the hotel provided its customers with photocopies of the maps in the lobby, it would make things so much easier.

The Hotel's internet is old school, telephone-modem style. Thankfully, there's a high speed internet place located just down the street (to the left when you exit, very near the cheap eatery).

Some of the stairs on the third floor are a little slippery so watch your step.

Overall opinion: an excellent budget hotel. Clean rooms, clean lobby, and clean rooftop terrace. Nice little restaurant, and very generous breakfast.