A bit overpriced for the value you actually get.
Pros: The location is pretty central. You can walk to some great restaurants/bars on Kloof St in just a few minutes. The street is pretty quiet at night and is located across from a hotel.
Cons: Check-in as actually at a different location than the room you book (a couple blocks away). They didn't seem to have a record of which room I had booked when I checked in. There were ants and a couple of spiders in my room. The ceiling fan doesn't help at all in keeping the room cool.