it's a nice place to stay. we booked it because it was close to our Frieds' hotel and it definitely provided us with more comfort than a hotel room. the place is smaller than it looked in the pictures, more suitable for a family with children than two couples. but if your aim is to spend more time outside visiting, than inside watching tv it won't be a problem.
A little bit far away from the city center and with little possibilities to dine outside (this was due to the fact that it was during the weekend)
Bottom line, I would book the same place while in Bologna again.
Special thanks to our contact person, who provided us with valuable information upon arrival and also during our stay.