We found that this hotel was in a good location; just down the hill on the other side as Hotel Saganaga and offered nearly as much for a lot less money. Don't let the entry from the arcade,the bored receptionist downstairs or the lack of negotiation on the price put you off. The standard rate of 100 Bolivianos for a double is good value anyway.
The rooms were a good size and our room had a nice view over La Paz. The bed was comfortable.The bathrooms had been nicely re-done in a marble look tile although they still had the dreadful electric showers (as did all the hotels in this area even the more expensive ones). At least the water here did come out out reasonably warm & dare I say even nearing hot.
Standard breakfast was included. One bonus was that the coffee was in a mug and both hot & strong.
Don't let the noise from the Pena downstairs worry you. If you can hear it from your room we found that it still finished at a reasonable hour so were able to sleep undisturbed.
We checked out quite a few hotels in this street including Happy Days, Saganaga and Alem and we still found that this was the best value for the money.