It is what it is I suppose. A 'budget' hotel in the centre of Nicosia. Just for comparison, for the same price I stayed at a middle-level hotel in Paphos (Pafos).
Location is the best point about this hotel. 10 minutes walk from the bus station. Minimarket nearby.
The second good point was the internet.
The lady who was at the receptionist desk during the day was quite friendly.
As far as the room goes... lighting was a bit poor, the AC in my room did not work, tiles were old, the bathroom gave out a strange smell after i flushed the toilet.
Unfortunately, there are not many options for cheap accommodation in (the centre) of Nicosia.
If you have to stay in Nicosia, you can either pay 30 euro more per night for a better hotel in the centre of the town or stay somewhere outside the walled city.
If you don't have to stay in Nicosia, I'd recommend you stay in Larnaca and make a day trip to Nicosia. The walled city of Nicosia (both north and south) can be seen in 1-2 days depending on how much time you take to take photo's, walk and sit in a cafe.