I've been 4 - 5 times to Venice and this was certainly the best hotel I've been to.
The hotel is perfectly located: only 150m away from the water shuttle station San Marco - San Zaccharia (take the small street in front of you - Calle de le Rasse - take right at the end of the street, cross the bridge and the hotel entrance is just at your right in the small street next to the canal). So, no need for an expensive water taxi (only € 7/p for the water bus). San Marco square is at 300m walking distance.
We took the De Luxe room (Torcello - N° 204) which proved to be a splendid room: large; excellent beds; nicely decorated; large sofa & two seats; view on the Campo San Provolo; a pretty small, but well equipped, convenient bath room. Free Wifi and - nice surprise - mini bar with free drinks!
The breakfast was - certainly compared to Italian standards - excellent! Plenty of choice, scrambled eggs, fresh fruit salade, excellent cappucino. The hotel staff was very friendly and helpful with some good advice on nice restaurants in the neighorhood (incl. reservation calls).
Briefly, this was an excellent hotel. Would without any doubt certainly return!