I stayed here a couple of nights on a business trip - our local agent managed to get a pretty decent discount for us, which I think made this a decent deal. On the positive side: the hotel is well located: close to many places to eat and in between Addis' main roads. Apart from the construction going on around the hotel there is not much noise - and you'd be hard-pressed to find a location in Addis where there is no construction site, probably... :-)
Other positives are the friendly staff and the superclean rooms.
The downsides are not huge, but if the price is much above the 90-something US$ we paid, you might be better off elsewhere. Negatives: the reception service, though very friendly, can be a bit messy every now and then: reservations for airport suttles get lost or arrangements with one staff member are not transferred tp the next - which can be annoying. The facilities in the room look nice (and clean), but they are just not that good: what use is a jacuzzi, when hot water is (almost) not there? And the fancy shower looks nice, but leaks water on all sides. Finally: I found my mattress *very* hard. As said... not big things, but there might be (lots of) other nice options near by...
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