We stayed in Hotel Savoy in Timisoara in October 2011. The hotel is very intimate, secluded in a quiet area but very close to the center of Timisoara (13 min by foot), and I think it deserves four stars.
The room where we stayed on the 1st floor was very spacious, with a huge and very comfortable bed. The only unpleasant aspect to the room was the view from it, which was actually the courtyard of the building nearby, not too nice.
Rooms are cleaned daily, breakfast was available between 7:30 to 10:30, with food not very varied, but good. The hotel staff was very polite.
The hotel has garage from which you have access to the elevator, which makes it easier to carry bags to the room.
I recommend this hotel for those who want to stay in a very (!!!) quiet and intimate place in Timisoara.
