The hotel has probably seen better days, and the interior is quite old. However, our room appeared to have been renovated not too many 'decades' ago, and was nice and bright - and very clean. The staff is exceptionally friendly and helpful. We only experienced one glitch : At breakfast they wanted to charge me when I by accident broke a plate - never heard of that before. However, the front desk staff immediately dealt with the issue, and problem solved straight away.
Location cannot be better, as it just opposite the night market and clock tower, but still quiet.
All in all it was decent value for money, and I can recommend it as an option if you are not looking for 5 star luxury.