My husband and I stayed here for one night in October 2006. The hotel is in a good location and you can easily walk to the Alhambra and other areas of interest.
The hotel was clean and we got an excellent rate of 55 Euros a night. However the room lacked charm, we got three single beds in a narrow room (we asked for one bed as we were on our honeymoon!) and our room overlooked a very noisy street. We barely slept all night. Oh, and the shower is so powerful it actually hurt to stand under it.
If you are looking for a budget hotel in a central location, then this is a good bet. However we didn't really find it comfortable and I certainly would not want to spend any length of time here.