I stayed with two friends for a week in October. The hotel makes a great first impression, it is clearly the most attractive building on the strip with lovely gardens. Inside wasn't quite as impressive, but I had a nice, clean twin room on the ground floor whose only problem was a leaky shower screen.
The location is very good, being at the end of a strip of hotels, restaurants and bars that runs between Babin Kuk and Lapad down to the beach. It was an easy 10 walk to the harbour, or the bus to the old town stops 2 minutes' walk away
Staff were uniformly polite and helpful and, in one example, entertainingly flamboyant and friendly. Room cleaning was slightly perfunctory but efficient - on most days my room was turned down while I was having breakfast. Breakfast was a typical continental buffet with cold cuts, cereal, fruit etc. The Danish-like cake slices were particularly delicious, although I learned to stay away from the gristle-strewn bacon
Overall, this was a good value hotel in a good location for exploring Dubrovnik. I would definitely stay there again. Not quite worth 4 circles, but certainly better than average.