Staff were helpful and friendly, the rooms were on the small side, but for $40USD a night, we were really impressed, and didnt spend much time in our room anyway. The rooms had everything you could need and expect from a hotel charging twice the price, including free wifi.
The location was perfect, a short walk to the lake, and to the night street market. Was also right next door to the Kangaroo Cafe who we booked a few tours with, so it was really convenient.
I think this hotel represents great value for money and is a great place to base yourself if you are doing lots of exploring and only using your hotel room to shower and sleep.