We stayed for two nights at the Caravel as a part of a Cosmos tour to Italy & Greece. Overall its a decent pick for the location and proximity to the Colosseum and (25 minutes away by bus) Pantheon, Spanish steps and Trevi Fountain. Expect this hotel to be somewhat like a Days Inn or Howard Johnson. Go here if you are on a budget and are looking to crash for a few nights and stay out most of the day. Our rooms were relatively clean and the breakfast buffet was not too bad. The negatives are - Out dated room from the 80's, hotel staff who did not help when asked for directions and noise from the road outside.
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