My clients put me up here on a recent business trip. It is kilometre or so from Piata Unirii and Piata Revolutei, and a short walk from the Izvor and Eroilor metro stations with speedy access around the M1/M3 lines. The hotel is in a quiet street, excellently placed for the Opera and convenient to a range of local corner shops, pharmacies, cafes and restaurants. Be prepared to have a phrasebook with you when you eat out: little English is spoken in this neighbourhood, but French, Italian and a good nature can help.
Rooms are peaceful, spotless, air conditioned and adequately appointed - the hotel is only a few months old. Bedrooms have direct-dial telephones, hairdryers, internet connection, minibar and a mediocre range of satellite television channels - the emphasis is on the local stations (which often run American soaps and movies with Romanian subtitles) plus Discovery/National Geographic channels. BBC/CNN/EuroNews etc were NOT offered when I was there. There were no in-room tea/coffee facilities, which are seldom provided in Romania: it is always best to travel with one's own.
Staff speak fair to good English, and provide 24-hour concierge/porterage.
The room rate includes a substantial buffet breakfast with hot and cold options.
The rack rate of Eur135/night is excessive, particularly given that this is more than the minimum monthly wage in Romania. However, if you book in advance the internet rates of Eur80 or so are fair by European standards for what you get. I would definitely return.