You'll feel like you are a couple of stars above what you paid.
Every room is different, so all I can do is review the one we were in, ours was Chan-Chan, you can search for pictures of it online.
Yes, the bed is hanging from the ceiling, it was very comfortable, very quiet area, hot water in seconds, and everything was very clean.
At first you'll think the room and the hotel itself are brand new, but looking closely, some minor details will tell you that they're not, but in great condition, they really make an effort to be squeaky clean.
The only downside is the fact that is located 15 minutes from the main square, where all the tourists will want to look for restaurants, bars, shopping, etc. For us it wasn't a problem, but some people would want to be closer.
Didn't stay long enough to try the breakfast, sadly, for sure it was excellent as the rest of the experience.