Stayed here for 2 nights.
Excellent design hotel! Really nice furnishings, hip and friendly staff, but not really experienced it seems. Also it is understaffed I think, since several times phones went unanswered, requests took 20-30 minutes to be fixed, or were just ignored.
Still, an excellent free breakfast, free WiFi, superb location 5-10 minutes' walk from everything in the city center.
Free gym, too.
Ask for a room on the 8th floor, with hardwood floors and bathtub. Many rooms have carpet and are shower-only.
Check the Reval Hotels web site for special deals, related to concerts and happenings in Riga; we paid only 85 Euros/night, including taxes, breakfast, etc.
Enjoy!

We stayed at Reval Hotel Elizabete for 7 nights and can highly recommend the hotel to everyone travelling to Riga. The hotel is brand new and very stylish in every way. Beautiful lobby and restaurant area. Excellent breakfast. Spacious rooms with everything you need. The staff is pleasant and helpful. Location is great, next to a big park, just 7 minutes walking distance from the old city. The hotel is excellent in every way, so if you are going to Riga, stay at Reval Hotel Elizabete!

In Norwegian:
Glimrende hotell med flott lokalisasjon som kan anbefales på det varmeste til alle som reiser til Riga!

This hotel is absolutely worth the money. Stayed here during a business trip. Probably a costly choice for those with moderate budget (the rate was 150 EUR per night). However if you can afford it you won't be disappointed. It has a unique relaxing atmosphere, small yet nice fitness center equipped with new machines and sauna and very good service. I can recommend this hotel for anyone travelling on business or for pleasure and will definately ask my travel agent book it next time I am in Riga.

It was our first visit to Riga and only stayed 2 nights so we chose this hotel because it was new and 10 minutes walk from the old town. We booked through Ryanair.com and got a big discount. The staff are great, and although we had a few problems, the service we received was professional and efficient. The first room has a TV which stopped working after 20 minutes, so we were moved to a room on the 7th floor, but the AC control didn't work so it was very hot all night. The electrician couldn't fix it quickly so we were moved again to the 8th floor, and then were presented with a free bowl of fruits, and two complimentary drinks vouchers in their bar. The rooms and large and very comfortable, and with a lot of rooms facing inwards to the central area, there was no traffic noise outside. The breakfast room was busy but served a good choice of food and a chef to prepare you fresh eggs. The hotel is 300 metres from the beautiful Orthodox church, and 10 minutes walk from the old town and railway station. The Red taxis are normally always waiting in front of the hotel. They charge 10 latis/15 euros hotel to airport. Do not use the white taxis which charged us 15 latis from the airport, although to be fair, it is not too big a price for the 20 minute ride compared to some cities. The old city generally is clean and very little litter, and we never got mugged; the people were great. Thanks again to the hotel staff.