The Airways Hotel was really a pair of Victorian townhouses broken up to provide about 40 rooms. The rooms were quite small, and the bathrooms even smaller, but overall, we found it a very comfortable place to stay. The staff was pleasant and they served a nice breakfast.
My main reason for choosing these accomodations was the location. Barely a 5-minute walk from Victoria Station, it allowed us easy access to buses, trains, underground, and the main coach station, as well as being within walking distance of Buckingham Palace and other attractions.
It was definitely not the kind of place that luxury-minded travellers would choose, but for less that $100 a night, it suited us.