I stayed at Pensao Residencial Camoes in May 2008 for 3 nights mid -week. Its location is fantastic, an easy walk to Fado bars, retaurants and trams into central Lisbon. As a single female traveller, I had no issues with walking around at night and felt safe in the area. The area (and hotel building) has loads of graffitti, but this seems to be standard for Lisbon.
The accommodation is of a very basic standard, and is rather shabby, however the rooms are kept very clean. The shared bathrooms are more recently refurbished and also kept very clean.
The breakfast is the European standard of breadrolls, jam, cheese, cornflake cereal, and coffee, hot chocolate and tea.
Most days there was someone who speaks some English at the reception which was very helpful, they were happy to give advice on restaurants and directions.
The biggest issue is one that has already been mentioned - it is a terribly noisy area, and there is very loud street noise from the local bars, even midweek right up until 4.30 or even 5am. I was not there on a weekend but imagine it would be incredibly noisy. As recommended in previous posts - I took earplugs so was able to sleep fine!! The only other negative I can identify is my room door lock was in poor condition, it stuck easily and did not look very secure, I would imagine a kick would probably break it open. They also didn't provide a towel, fortunatly I took my own.
Overall, it is a great option for the budget traveller, it is clean, central and good value for money!
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