Beautiful atmospheric palace, located 15-20 min walking radius from the train station, night life areas of Bergamo downtown and the uptown Bergamo. The facilities and rooms are quite minimalist and reminded us of a hostel - yet the bed was clean and comfortable, everything was very spacious and charmingly Italian :) We had a bit of noise in the evening from the bar downstairs, and the airport pick-up and check-in was a bit of a rush - although again, it all added to the 'Italian style' experience.
Do try and check out Andrea's recommendations. Numero 1 really surprised us - we had fish which was fresh and delicious and the entire meal was super cheap, seemed too good to be true!