Stayed here for 4 nights in all and did enjoy it. Very clean rooms, good breakfast in the morning and very friendly staff. 10 mins walk from Hoan Kiem lake and very close to the old quarter. Right opposite the front door is a money-changers, but take note of opening hours or you may get caught.
More expensive obviously than some of the hotels in the area, but cleanliness (or lack of it) in hotels is one thing I can't cut corners on so you pay a bit more and you get.
UPDATED 21.10.2011 - I have been advised by friends in Hanoi that this hotel is no longer what it was. Apparently beds are no longer clean,clean, bugs in the rooms and hotel staff are helpful only after holding their hands out. I will NOT be staying here in March 2012!!
15 Ngo Quyen St, Hanoi
No. 3 Yen Thai, Old Quarter, Hoan Kiem Dist., Hanoi
106 Hang Bong Street, Hoan Kiem District, Hanoi
1 Thanh Nien Road, Ba Dinh District, Hanoi
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Address: 128 HangBong St, Old Quarter, Hanoi, Vietnam