Great location for a super price.
I've stayed here twice for a few nights each and was very pleased both times. The rooms are clean and, despite what other reviewers say about excessive noise level, I didn't think it was loud at all.
Very central location - 2 minutes from China Town, and 5 from Old Montreal. Close enough walk to Central Station, right next to yummy restaurants (though there's an IGA 4 minutes away if you don't feel like throwing your money around).
Will go again, for sure!