I booked a triple with two friends and we had no problems. When looking at the value of the room, rate vs. room itself, I think the rate is pretty good. If I were to return to Budapest, with similar budgets, I would rebook this hotel in a heartbeat.
First, the location is great. We got out of the Budapest airport, took the bus to the metro station, got off Andel station and walked just 5 minutes to the hotel. There are also numerous buses and trams that operate right by the Andel station that we found to be very convenient. There are several decent restaurants around it (near the Jewish Quarter) and supermarkets (right on Karoly Krout) not too far away. It is walking distance to both Jewish Quarter (right behind it) and Charles Bridge (maybe about 20 minutes walk?). My friends and I would leave this hotel in the morning, and have time to return to quickly rest and drop off souvenirs before moving on to the next destination as the location was very convenient.
Second, hospitality. The women at the service desk was very helpful and very nice although one of them clearly did not speak much English. They helped make dinner reservations for us and find easy commutes for our tour destinations. We also received the complimentary Hungarian wine that was very sweet and tasty.
Third, free breakfast. Each morning we were given breakfast vouchers at Bali Caffe across the street by the Andel station. Our breakfasts were decent and we had no problems with it.
Lastly, the building itself. I agree with the other travelers that the building doesn't exactly look amazing. The elevator is really small and you really can't fit more than two people (with luggage), but what do you expect for that kind of room rate. They really do need to add some lights in the staircase at night. While the accomodations weren't exactly posh, we found the place safe and it met all our needs. We travelled in the 20-30 F weather and there was ample heat, the two rack was heated, and we got fresh towels every day.
I'd recommend anyone who is going to stay here to check the pictures that were posted so that you will not bypass the building when looking for it. It's not hard to find, but it can be missed.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC