Pros (+) The location on the Grand Canal was very nice. They had a beautiful patio there. There was also a waterbus stop just at the hotel.
Cons (-) The room for which I paid over $400 per night was a small cell with a very high window which was useless. Told me this was their "standard room." For 50 Euro more they found me a "superior room". It had a window, but looked over a flat rooftop into a wall. Find out about the room before booking.