We absolutely loved this hotel. Though there was a little trouble finding it at first and a call to the hotel was no help at all (staff member spoke little english and gave incorrect directions in Japanese), once we got to our rooms, all the initial angst we had disappeared. The beds were big and comfortable, the rooms were clean, there was free internet and it was surprisingly spacious. The only annoyance may have been the window in which you could see into the bathroom from the bed!
Location wise, the hotel is situated is tucked away in the more riske area of town, but in no way did we ever feel unsafe. Its very close to the Shinsaibashi shopping strip, a family mart and around the corner from the Donkey Hotei discount store (open 24 hours!). Nightlife in Osaka surrounds this hotel and the streets around the area are packed by midnight on weekend night. However, despite all the hussle bussle on the streets, the rooms were very very quiet and you could not hear a thing.
We found a good rate for this hotel which made it even better. We ended up extending our stay in Osaka and staff were more than happy to accommodate this, and gave us a similar rate to what we initially paid for our extended night.
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