I was looking for a hotel with a reasonable price, and this is a good value for money if you're not picky with the location (or you want to party hard ;-), as it's in the city red light district.
The staff is very friendly, rooms are clean and quiet. Next to a S-bahn station with 2/3 metro lines, and 30 minutes walk to the city center.
There are very nice bars with live music around, fast food restaurants, and all the other things you'd expect to find in the red light district... Despite the first impression of the neighbourhood it was a very good choice.