The hotel is excellently situated near Ben Tanh market, night markets, War Remnants museum, Independence Palace etc. Also walking distance to some of the more highly rated cafes/restaurants in HCMC. Short cab ride to Bitexco Financial Tower / Sky Deck (you can walk it ~ 1 km, except I was there in April and the weather was extremely hot).
The hotel itself is as basic as it gets: a room with a bed and bathroom. The WC in my room had trouble draining properly; same for the wash basin. The shower produced either VERY hot water or cold, alternating every few seconds regardless of how I adjusted the taps.
The hotel breakfast is also pretty simple. Some bread for toasting, Vietnamese loaf, a couple of hot dishes (bacon, sausages), coffee and tea, juice, fruits.
On the plus side, the aircon in my room worked well, and the facility is generally clean - no bugs or anything. The staff are also friendly and helpful.
If you are looking for a place just to sleep in between excursions to the various sights, this hotel is fine. The location is good. That being said, the entire area around Ben Tanh is full of other hotels of roughly the same quality, and there are a few hotels of mid to high quality as well.