First: the address that TripAdvisor has is wrong, it is Sankt Olavs gate 26, not Olav Vs gate 26.
This very new hotel (opened in July) has a great location, near the Nationaltheatret stop of the underground and the airport train. We were at the hotel about an hour after the plane had landed. It has probably some of the lowest prices in Oslo, but that is because it is a strict no-nonsense place: no check-in before 3pm (but you can leave your luggage), the rooms are not one square centimeter larger than absolutely necessary, and the breakfast is quite basic (but see below). But the bed was good, there is free WiFi (that works!), and the staff is extremely nice (and do not patronize Scandinavian customers by switching into English when there is a Norwegian word you don't get the first time).
The chair in the room is very heavy and since you have to move it around quite a bit (beacuse the room is small) it would be better if you didn't have to lift it for that.
Breakfast is very nice and plenty with both cereal, jam, ham and cheese and savory options (liver paté, salmon), but only scrambled eggs and baked beans as warm options (no bacon, no sausages). It that is what keeps the price down, fine by me. They should drop the soft boiled eggs (not even more expensive hotels are good at that) - they were both hard and cold. And the choice of tea bags was limited to say the least - only Earl Grey and Forest Berries. I stuck to the very good orange juice instead. (Why not just have some decent English Breakfast Tea?)
None of this will keep me from staying there the next time, too. Definitely a good choice.
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