For visitors who want to save money in Venice: it is an option for you with very good public transportation to the main island.
For visitors who value a bit more of the quality of accommodation: I won't recommend it. It has been the most unpleasant experience I ever had with a hotel - a weird smell in the room, an issue with the hot water of the shower, the blanket that looks... old, very slow wi-fi and sometimes cannot connect, etc.