Nice and functional place to stay at if you are on a budget and need room for 3 to 4 people.
Suited preferably for adults only, I'd say. It's close to a metro stop, and very close to the center of Paris where most of the attractions are.
But if you're traveling with kids I'd recommend to pay the extra money for a location a little bit closer to the city's center since, while this location is close to the places one wants to visit, there's a lot of movement in the area which isn't tourist driven for the most part.