My initial impression of this hotel was that it was shabby, but after a day there, I realized that it was a victim of it's design. A converted house, the room I had was extremely small and cramped, but that seems to be the way Amsterdam houses are designed. The location of the hotel (just outside of the insanity of the core) more than made up for any issues with the property. The main street that it is located adjacent to, has restaurants, shopping and almost anything else you're looking for.
The only real negative about this hotel was that the bedspread was badly stained and the bed itself had a bend to it such that sitting on the edge of the bed was impossible without sliding to the floor.
Having said all this, it's very much worth the price to stay here, just don't expect too much.
It's also worth mentioning that it was a 15 minute walk to the train station, which was very convenient.