The hotel is located in the western part of Poznan, near the Botanic Garden. It's brand new (or recently renovated), has private parking lot (parking price in Jun 2010 was in the range of 30 PLN ~ 10 USD per night) and really friendly staff (even if you arrive in the middle of the night, as we did).
We chose this place because we were on the road and needed to drive further west at the sunrise next day. For this purpose the location is very good, you won't have any problems leaving the city towards west in the morning, as all the traffic is directed inwards.
The room was clean, there was a tea-making set and some biscuits waiting for us, and all in all it looked more like a 3-star, not a 2-star place. We spent only one night here, but would definitely like to come back some other time.
And the warning is: if you're using some older car navigation system, and the hotel is not yet on the map, nor is its address in the system, take care to manually point the navi to the western part of the Swietego Wawrzynca Street (to the west of Stefana Zeromskiego / Niestachowska). Otherwise you may land at the eastern part of the street, which is sort of a back alley with no connection to the right one.