If you're on a budget and want to stay in Santa Margherita within walking distance to the beach and all the shops, then this is a good place to stay.
I stayed here on 2 separate weekends. It's a great location, cheap, clean and in a very safe area. As a single traveler, I didn't worry about a thing.
The beds are more like cots....not very comfortable. The bathroom may or may not have toilet paper - I had to ask and even then, only 1 roll was put in the bathroom. I was terrified it was going to run out. The linens are basic, the bath towels are about a 100 years old and really small. One day my bath towel was the size of a large hand towel. No air conditioning, tv, or wi-fi. But again - it's clean and safe.
Otherwise, if you want ANY kind of luxury this wouldn't be a good choice for you.