This is a hotel whose owners have simply ceased to care. A lift that's been broken forever; carpets worn to the bare floor; broken interior windows patched up with cellotape; paint peeling everywhere. The room was austere, but clean. The staff was reasonably pleasant and helpful (one fellow leaving for the day cheerfully helped me up two flights with my big suitcase), but apparently powerless to fix anything.
If budget is your only consideration, go for it. But if you'd like a nice presentation, reconsider.