The Taitu is something of a hit-and-miss, depending on what you want in a hotel and which room you end up getting.
The old building and great terrace oozes character and history, and offers an undisturbed view over Addis. Great to sit and enjoy a drink, or some Ethiopian food from the good kitchen. The place is also buzzing with people such as backpackers, tourists, students, artists, NGO types etc.
I was located in the 'new' wing, and as soon as I returned to my room my good 'vibe' about the Taitu disappeared... The new wing is a concrete structure that reminds me most of a prison. The rooms were also very basic and run down. The bathrooms worked and had hot water, but needed a good clean and redo.
I couldn't be placed in the old wing, but I would imagine that this offers a better experience.
Otherwise, The location is also quite convenient, about good 20 min walk to the National Museum. The superb Tomoca coffee shop is about 5 min away.
At night the awesome Jazzamba club is located in the main ballroom, great for nice evening discovering fabulous Ethiopian jazz. The staff were also very friendly and helpful.
Regarding value, I felt this was ok looking at the total package.
So, it's probably up to you whether you fall in love with the Taitu or run away as soon as you see your room. For me the upsides were more than compensated by the downsides, as you're hardly in your room anyway. And after a night 'in prison' walking up the stairs to the old building and ordering a coffee on the terrace the room quickly becomes a distant memory.
Probably the old wing/building?
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This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.