Excellent Location, Clean Rooms
Stayed there for a long weekend found it to be excellently located - 5 minutes walk from San Marco and Rialto. There were good restaurants, bars, and even an irish pub within 2 minutes walk, and as it wasn't directly on the tourist trap, we found that the quality of food was actually quite good, although the prices were typical Venice!
Room was basic, but immacualtely clean (esp bathroom). We had a balcony and lovely view, but don't think all rooms do. Staff were polite and attentive. Breakfast in room was basic but edible. (you'll have to remind them that English people take tea with milk)!
All in all, provided you get this at the right price, it's an excellent bet, mainly for the location and cleanliness.