My husband and I stayed at Micasaenlisboa in Christmas '10, and we had a wonderful time. Actually, a UNIQUE time, because the place is unique. We have traveled quite a lot through Europe, and we have found nothing similar to Micasaenlisboa. It is certainly not a hotel, and it is not a normal b&b either. It is a small house in which you live with Maria and her dog. Be aware that tou will find no luxuries, no tv (in the rooms nor in the living), no fancy bathroom kit. Instead, you will find lots of books, a gorgeous terrace and garden, and incredible ecological home-made breakfast, and Maria's help and tips for eveything you can possibly do in Lisbon - particularly museums, exhibitions, or eating. The zone is full of popular restaurants and cafés, and you walk down the hill and you get downtown in 5 min. (you can also take the tram.... when it crosses Alfama you can touch the houses from the window , it is amazing how they managed to make the tram get through these small streets).
At breakfast time the place is sometimes a little too noisy, when guests gather around the table - the only table - to sip coffee and eat delicious cheese, cake, or fruits, but one does not go to Lisbon to sleep until 11 AM, right? Well, I guess in spring or summer breakfast is served outdoors, so no problem.
If you like feeling like at home, if you like trying a totally different kind of accomodation, or you like mixing with locals, then this is your place. If you prefer ordinary, impersonal hotels, you have plenty of them.... and perhaps you will not fit in this place. And it is not for people alergic to dogs. Despite being small and unpretentious, Micasaenlisboa is unique, personal, convivial, extraordinary, cozy. By unique I mean literally unique: I don't think you can find something similar in downtown European cities. It is worth the trip.