We reserved 2 rooms of same type (single with bathroom). Mine was large, clean and overall very comfortable. Definitely good value for money!
My colleague's room was really half size of mine, with a small bed and an old-style bathroom.
Regarding location and transport, Dammtorpalais is very close to the city center an to the underground/city train (Dammtor Stop). You can easily reach every corner of Hamburg also walking south from your hotel.
In addition, you'll be very close to the University area (5 min North) with a number of Italian, Mexican, Japanese and other restaurants and pubs.
FAST SUGGESTION: ASK FOR ROOMS FACING THE CONGRESS CENTER (the best ones!!!)
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