This is a charming little hotel with very attractive rooms. The staff is very friendly, Marlén the manager is wonderful. It is located in Chapinero Alto, which is a quiet, safe neighborhood, about a 15 minute walk from Zona G, a local fine dining district. It is also convenient to the Financial District, and not too far away from downtown.
The price is hard to beat, and breakfast is included if you want it. If you are traveling internationally, most locally oriented hotels, this one included, gives you towels, but washcloths are not standard, so if you want one, bring your own.
The rooms have hot water, but no heat. Bogotá never freezes, but the room temperature probably drops to the low 60s (f) / 15 (c) in the middle of the night. They have blankets, but you should be aware of this.
The room was mostly clean, but there were a few stray hairs in the bathroom from the previous guest, that housekeeping missed. The toilet seat was loose, and a ceiling light was slightly out of its socket.
Still, I know Bogotá very well, and this hotel is a great bargain. It is very nice, secure, and family friendly. For under $50, you get a room as nice as in a hotel 3 times the price, with a refrigerator, stove top, and microwave.
I would definitely return next time in Bogotá.