A great location for almost everything you could need... Only 20 mins walk from the Louvre, plenty of great food spots around (check out Buddha Bar), easy access to train stations to take you to Versailles.
Heed the warnings about the stairs because there are lots of them and very steep (definitely helps work off the wine). We experienced a few delays in checking in due to cleaning but the place was spotless when we got in.
During our visit we noticed it was looking a little tired but if you're looking for cheap and cheerful this definitely fits the bill!!