The location is awesome, right in the center of tons of bars and restaurants, around the corner from the red light district, quick walk to the square where most tours meet.
My friend and I stayed in the two person room on the 5th floor, and there was no AC- which is no big deal, but the noise from the street carries up and it can be pretty loud. I never made it to breakfast because they shut it down at the exact time they say they're going to.
The bar was busy at night and was a great way to meet new people. The beer garden is really nice. There is wifi in two areas of the hotel.
The staff was really friendly and welcoming.
The beds were clean and comfortable.
Some negatives- the shower door was broken, tiny bathroom (I got water all over the place just brushing my teeth), and the garbage wasn't emptied when we arrived.