Given the price for the standard room...
Given the price for the standard room that we got for 168 rmb (all inclusive), we were very impressed witht the studio room. There was no closet, but the coat hanger was good enough for my sister and myself. The bed was a bit hard for our backs, but we still felt rested. The hotel is old, but it was clean and had all the basic things that we needed.
The room had internet access included, TV with good channels (mostly chinese though). There was hot shower, air conditioning and heater, thermos, tea, comb, toothbrush, towels, shampoo and soap. The staff were very helpful. They even allowed us to leaveour luggage for the day while we went around Guangzhou on our last day (just before our 9pm flight to Guilin).
The bathroom was old and could use some repairs, but it served its purpose for our needs.
The hotel is 3-4 blocks away from HaiZhu metro station and is just steps from the pearl river. It's about 15-20mins. walk to Shamian island.