The Hotel itself is spartan to say the least, doorhandles might be loose, the lightbulbs might have to be changed, the whole place could use some fixing up. But the price is accordingly, and that being said the elderly couple that runs it is friendly and helpsome, the lightbulbs got changed when we told them about it and the room cleaning is superb!
The hotel is situated within walking distance of Fira Town, the Bus Station. Its sort of wedged behind another building but some rooms have view of the ocean to the east. You cannot see the caldera from the hotel, but due to its east facing orientation one doesn't need the airconditioner except for on the hottest of days, which is a huge plus since the air con in hotels usually ends up giving me a massive mid-summer cold.
All in all, the hotel is great for low cost holidays, when you need a place so sleep and to launch your exhibitions to the great island of Santorini, not a place to stay in all day.