Last time I stayed here I said the Sube rocks (check out my previous review) and I stand by my original claim. It's right in the middle of the port, is clean, charming, rustic, and we had a lovely (and quiet) view over the courtyard. Of course it's also very good value by ST standards: we paid €160 per night for a twin room and Geraldine and the rest of the staff were friendly and helpful. The bar on the first floor is the best place for an aperitif at sunset and we got hours of people watching pleasure! A demi pression (250ml beer on tap) will set you back €5 and you'll get free nuts and olives. I dread the thoughts of the family selling the place to some awful, soulless chain who'll start charging €400 for a room. Viva la Sube!
I've posted some overall thoughts on Saint-Tropez in the forum, check it out if you'd like more info for visiting generally. Bon voyage!

I have spent a week there in the beginning of July and it has been a very pleasant stay. The Hotel Sube is very charming, with a character and simply just the place to be in St. Tropez. The location is perfect - in the Vieux Port, very easy to find, minutes away from Place des Lices and pretty much close to everything.
I had a single ensuite room and it was surprisingly big enough (for Europe), very clean, with a/c (which helped tremendously with +35 t), tv, hot water (strong pressure! always a +) and a change of towels every day. The hair dryer and iron are available at the reception. There’s an elevator (total + even with a small suitcase). St. Tropez is a non-stop party, but I didn’t hear any noise, so ask for a room facing the village – no view but you get a good night sleep. The Bar at the hotel is a MUST - nice atmosphere, very characteristic maritime decor, just sit down and enjoy the view. The Moxito is good, it’s 13 Euros and you get chips, olives, nuts to go with it.

only one minus: they have to sort out the "wake-up call" problem. I asked on two different days two different ladies and they wrote the information down but both times I didn’t get it. I had my own alarm so I asked just to be on the safe side so I was OK but I am putting it in here for those who don't have an alarm or tend not to hear it :)

Do recommend it! Will come back!

Great location right along the main street/quay
Lovely boutique hotel

Hotel Le Sube is right by the marina and a great base for wandering around town. Considering the prices in St. Tropez it is also a great value. The reception was very friendly and helpful, helping us with our luggage and dinner reservations. We shared a triple and had a very spacious room, though no view of the marina.

The most difficult thing about Le Sube was trying to book reservations online, but if you go to the St. Tropez city tourism web site, you can do so from there.