Depends on what you want from a hotel. AS a child we stayed there often, last summer my uncle styaed there again, we stopped there to visit him and I couldn't believe what dive it had become.
Your room might not be anywhere near a pool, and for the cheap rate you don't get a view of it either.
The kitchen is a plus but you need to bring all your own utensils, pots pans etc. or rent them and the rental stuff is horrible.
The location is nice right next to Old town, which is fun in the evenings. rides and shops.
You will not suffer by staying there, but if you are used to staying on site it will be a BIG switch.
If you have any more specific questions about it, feel free to ask.