Some aspects of the Lonely Planet review are fair, but I feel this hotel is so expensive to defy logic. 190 Euro per night for a double room.
Rooms badly lit. Noisy and poorly furnished.
The hotel is some distance from the Duomo. I just think better value is out there.
I only managed breakfast one morning, the coffee so foul, I chucked it down the sink. Avoid.

I stayed at the De Albertis for 2 nights on a budget trip to Milan. I paid 100 Euros for 2 nights accomodation including breakfast, booked through Venere, which I consider to be good value for money. I believe the hotel is family owned and the lady of the house made me welcome on my arrival. My room was clean with an en-suite shower room with toilet and bidet. The room was at the rear of the hotel, overlooking the courtyard as I had requested. The continental breakfast offered a good selection with the landlady providing a fresh cappuccino each morning. The hotel is a 5 minute walk from Piazza Grande where a 15 minute bus or tram ride will take you straight to the Duomo. Buy a 1 day travel ticket for 3 euros from the newspaper kiosk in the piazza. Expect nothing more than a clean a budget hotel in an expensive city and you won't be disappointed.

Just came back from a lovely trip to Milan+Bergamo+Lake Como and I must say this little two star hotel in Milan was a find!

Downs:
- Not very central, but with a 5-10 minutes walk you get to bus stops to: stazione centrale, linate airport or the Duomo (Piazza san Babila). The bus rides are quite short to all these places.
- Staff doesn't speak great English but they've been very patient to my attempts to communicate in italian (which I speak at a basic level)
- Some stairs to be climbed and I didn't notice an elevator, but if you don't have any restrictions this is not really a down.

Ups:
- Friendly staff (apparently run by a family).
- Stayed in room 114 which was ensuite (not sure if all rooms are), huge, had lovely antique furniture, comfy king size bed and was spotlessly clean (room and linen sparkling white)
- Room with air conditioned, tv, mini fridge, cable adsl (you just need to ask for the modem at the reception), great shower
- Quiet residential area, perfect for getting proper rest
- All this for 60 Euro/night, including a generous continental breakfast (with great capuccino), in Milan?? Honestly I couldn't ask for more!

I feel lucky to have found it. Definitely recommended for who doesn't mind walking a little bit to get buses to the touristic places.

TIP1: In case you want to eat in the room after a busy day touring, do ask staff for suggestions of local pizza delivery :-)

TIP2: In Milan, make sure you buy plenty of transport tickets/passes for your whole stay because sometimes it is difficult to find places that sell them, specially at inconvenient times like sunday morning.

TIP3: Besides visiting the lakes (Como is lovely), if you have time DO get a train to Bergamo to see the Citta Alta (High City), it's enchanting and it's where people from Milan go to when they want some shelter from the buzz.