For the price this hotel is above expectations. It's not in the city center, but it's only about a 10 minute walk to one of the most popular tourist attractions, then a gondola ride, which is about $1 US, will put you right in the center. The room was clean and everyone was friendly. Shower water oscillates between scalding and freezing, but I've been told that's pretty normal even for higher end places.
If you don't mind spending more, staying in the city center is a better option. If you're willing to walk just a little more, this is a great value option.