Out of the 4 'hotels' in italy that we stayed in (with €70 a night between us as a budget) this was definately the best. The room was small but clean and even though we were sharing the bathroom we had a nice big sink which was great and the beds were the most comfortable that we had had in Italy. We arrived at the hotel a little later than check-in closed but as we told the owner this he was very nice and let us in.
The location is a good place to start in Rome its only 10 mins from the Termini in a nice neighbourhood and is close to one of the metro stations (I was surprised to find out there were only 2 lines).We managed to walk from the hotel to the Trevi fountain (which really is spectacular) to the Spanish Steps and then on to the Vatican City (its a little bit far- get the metro)
I would reccomend this as a cheap alternative- if its luxury you are after then this probably isn't the best place but for €140 for 2 nights for 2 people it was good value- and when you are in Rome you aren't going to be spending that long in the room anyway!