We stayed 2 nights and it was ok for what we needed it for. It is located fairly close to the main tourist attractions (port, museums, shopping) and you can see the water from the balcony as it is only a block away. It was relaxing to hear the sound of the waves from the hotel room.

However, we did book the budget room originally, but when we got there we were told it wasn't ready and that we could have a room upstairs that was ready, for an extra 7 euros/night, or wait. As we were there very early for check in, and the "budget room" did not look very appealing, we didn't mind paying extra to get a better room right away. So be aware that the budget room is misleading.

Another downside to the hotel was that it smelled like smoke, and we found ashes in the drawer beside the bed... the room seemed fairly clean otherwise.

Very clean, but small bathrooms. Very budget friendly. Air conditioning. The neighborhood is difficult to park in, but other than that, fine. It's a close walk to the inner harbor, and the owners have great recommendations for restaurants and beaches.
The beds aren't that comfortable, but you will be hard-pressed to find a comfortable bed in the entire country.