For the price, it is a good option. Good service, good food in the restaurant below. It was crazy trying to find this hotel, as the chief approach road is so narrow that it will be missed. While the hotel is centrally located, that fact is useful only for hitchhikers or tourists who do not have their own car and want to foot around. For those who want to take their own car to Madikere, why do you want to be living in a hotel which is tucked away in some nondescript corner of some offshoot alley of some winding road! Madikere is not a very big place and if you have your vehicle, I would definitely recommend people to ignore 'location' considerations while searching for a lodging/hotel.
If you are a couple, better ask and insist for a double bed. By default they will offer you a room with two single beds 'joint' together. They have enough rooms, so your insistence would be obliged.
Rest, its good for the price, as I said.