The hotel itself is okay for a night or two. In fact, it's pretty nice for how cheap it is. Friendly staff that can speak English well, free wifi, even a small continental breakfast. The only downside is its location. Depending on where your business is in Hamburg, it can become a bit of a hassle getting to where you want to go. There are bus stops nearby, but the nearest train station is roughly a 15-20 minute hike. And if it's a weekday, then you have to take the night bus, which is even further away. If you don't mind all the traveling, then I recommend it. Otherwise, pay the extra money for a different, closer hotel.