You definitely get what you paid for.
Pros.
Doorman was cool, check in is easy, felt safe once in the building, bed was firm (firm is good for me)
Cons.
Very very basic. When they say mini, they mean mini and dollar general basic. No hand soap in the bathroom (the kitchen had dish soap). No TV (I didnt really need it anyway). No AC and that was a big thing. So the place is like a mini apartment building and outside if the loft it's nice and cool but inside it's extremely hot and humid. You can open a window but by doing that anyone can reach in and unlock the door. Though there is video surveillance and a guard in the building, it's still Mexico City so either you fry inside or you sleep with a window open where someone can open the door easily by reaching in. Every thing inside is definitely worn and very used and very cheap from towels to the broken fan (works but doesn't rotate). The location was definitely very sketchy. A lot of prostitution near by.
If you're not going to be in the loft because you'll be out exploring, then it's a good value. But if you're going to be there at least a couple hours a day other than sleeping and you're from any if the northern states in the US and have a hard time with hot bedrooms, then no.