I stayed at Ratonda for 6 nights to discover Vilnius and I must say the hotel was very nice.
The reception staff was friendly (just like it has to be, nothing more...) and was helpful if you needed something. The rooms are nice and clean, not too big but comfortable, only the bathroom could do with a little makeover. In any case a good place to have a good night sleep. The breakfast was very ok, with plenty of choice and the nice girl who was doing the service kept the buffet clean and full, what more can you ask? Also tried their restaurant in the evening and although they had a very little choice the food was of good quality. Again service was friendly and efficient.
For the location: I would call it perfect. It's in a big shopping street (Gedimino) that leads straight to the Cathedral Square. Very nice strawl, not a busy street though. I think the location is better than in the Old City, because there you will find way too many coach and day tourists, not the nicest crowd to run into when you come out of your front door (no offence...)
So if you look for an affordable, nice hotel in a good location, don't hesitate!
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC