Spot on. We stayed here for two nights, it's spacious, clean and the guys on reception are really friendly and helpful. We were recommended a restaurant by the gentleman (Annoying to have forgotten his name right now) running the building and the food was beautiful.
The location is great, a few minutes walk from Central Station, following a seamless train in from Malpensa. The station is beautiful but it looks really dodgy with the people hanging around outside the station, keep your belongings close and safe. It was less than 10 minutes walk to the metro and a 24 hour ticket was around €8, which we used over and over. All of the main sights are less than 15 minutes tube ride from there or you can walk pretty much anywhere in less than 45 minutes if you're blessed with the weather as we were.
It's a tad noisy on a night if you're a light sleeper, if you do struggle to sleep, just drink more wine and walk more.
I've seen comments about the shutters not opening on the windows in previous reviews, they don't open outwards... but they do open if you slide them to the side!
Enjoy Milan, it's a lovely city, old and new, clean and dirty. Just what you want from a big city.