I stayed at the Magnotel for the last month and it was very good if you want a basic room with basic necessities. Anything above the ordinary is out of the question, though. A big problem was when I was locked out of my room and went down to ask if assistance, the front desk told me to go upstairs and wait, which was another 15 minutes, and then i went down to the lobby again. Finally, someone came to open my door, but it was so annoying that it had to be 20 minutes after I asked. This also happened another time when I asked for someone to help me turn on the DVD player in my room, to which the reception responded, "if there's a DVD player in your room, then it's not the hotel's"....what does that mean? I just dismissed it, and went without a movie because asking for any assistance with anything simple is just too time consuming.
Also, this place seems to be great for tour groups because it's cheap. In the month I was there, I saw at least 5 tour groups, of at least 40 kids, come through. This wasn't so much of a problem unless you wanted to eat breakfast with your friends. Most days, I sat with random Chinese people for breakfast (mostly Chinese foods), and the waiters would stare at me when I would towel off the grease from the eggs.
Internet is okay in the lobby, spotty/non-existent in the rooms. Hotel is close to the subway, which is the most convenient thing about it. There's no gym: I bought month membership to use the gym at the Crowne Plaza ($150 USD), about a 20 minute walk away.
All in all, this place is sitting on a gold mine: it's priced cheap enough for huge tour groups to stay a long time, and, because the price is so cheap, they don't have to provide a high standard of service. Genius.
Choose the rooms on floors 12 or above, they are nicer. The rooms below that are super cheap.
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This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.