I assume this hotel was a kind of pearl in '80 - '90. It could be now, if the management decided to spend some money on renovation. Everything is obsolete, starting with the gate and finishing with the beds. Conditions for living are not that bad, but the cheapest double room is EUR 40. If you don't want to share the bathroom with your neighbours, you'll pay EUR 46 + 1% tax per night. I stayed in a double room, with two separate beds. Worh mentioning that beds are narrow and short. The lengh is 1.8m max. It's very much ok for a child or teen, but not for a grown up. Especially for a fat one :) For that price you won't have an air conditioner in the room, but the end of June wasn't crazily hot at night. I didn't try the canteen (restaurant) at the hotel as I found it to be extremely overpriced. If I'm not wrong you pay EUR 30 for 3 meals. I doubt that it is unbelievable tasty.
The hotel has a medical centre and, apparently, it is very appreciated.
A good thing is that the beach is not far. There is a lift and a tunnel which leads to it. If you're staying in Magnoliya, you pay nothing for using this facility, if not - 5 UAH for each journey. As I was going to the beach early in the morning, when the lift was closed, I took the normal stairs and can say it's not that bad :) The beach itself, named Dolphin, is very nice - one of the best in Odessa. The entrance is free, you can a sun bed if you wish, but almost none uses.
The area is quiet. Free wi-fi only in the lobby. All in all, Odessa is very nice, there are some things to do in the downtown, for instance going in the Sea Port for a sea trip (UAH 70), walking on Deribasovskaya str., eating ice cream (UAH 15 for 2 balls), listening to live concerts.
It was my 6th time in Odessa, that's why not so much impressed. I kinda was prepared to modest conditions, and could bear smth worse, but for a defenitely lower price. That's Ukraine!