The staff is great, and the price is great for your budget! You should not expect the "Ritz", but this is one of those hotels that I would seek out as young traveler back in the day! The area is about 10 minutes or less from the train station, and not in the best of areas heading toward the bahnhof (station) at night! It is loud at times, because Kolnerstrasse is very active!
I did not have breakfast, but a few guest mentioned it was great to me! In any case, I would stay their again without hesitation.