This was slightly further away from the old town than we'd hoped - 15 minutes walk, but it had the advantage of being in the art nouveau district, amongst some beautiful buildings. The walk into town along the canal was very relaxing. It also has the advantage of being 2 mins walk from Vincents, an absolutely fantastic restaurant.
It is beautifully done out (clean, very modern and new design), but the main problem for us was that our room was at the front of the building, which was extremely noisy. This meant that we could not open our windows, so it was stuffy (no air-con). I don't think this would have been a problem at the back, so definitely ask for a back room.
The breakfast was a 2 course set meal with bread which was delicious. You had to tell them the night before what time you wanted breakfast which we thought was a little odd.
It was excellent value at £55 per night, so I would recommend the hotel provided that you get a room at the back.