Lisbon is not the place for very reasonable accomodation. So when you find such a centrally located hotel to a very reasonable price [I live most of the year in Setúbal, 40 km away, so there is a few nights a year in L.], you are, of course, glad. Its location can be described as half-way between Alfama & Cais do Sodre, & definitely downtown with all you need around you. The service there was great, basically rendered by the proprietors themselves. A friend & me had to single rooms for two nights. The rooms were small, and you don't get the same bed quality as on The Georges V in Paris, of course. But it was very clean with modern bath & toilet fascilities shared by two rooms [no queues]. So for a short stay to explore Lisbon, I can definitely recommend it! I will certainly use it as my basic Lisbon stay!