Very close to Skandenberg Square, convenient
I took this hotel as part of a vacation package for Tirana (September 2011), and I also read some good reviews about it. From pics of the outside of the hotel, you notice a building beside it that seems to have been bombed. But the Nobel Hotel is the one beside it, and true enough, the inside is much better. Reception was quick and I immediately recognized the receptionist as the one who was in a picture on reviews at Tripadvisor. She laughed when I told her about this and so I took a better shot of her and she also became my Facebook friend, haha
I was given a room directly across the reception, and it was small but adequate for my needs. The bed was okay, and the room was clean. The bathroom was adequate with quick hot-cold water and very good water pressure. I was able to sleep with no problems. I did leave early though and so was not able to avail of the breakfast which was included in the hotel price.
What I like about this hotel is it's proximity to Skandenburg Square and it is a very good starting point to explore the small city center of Tirana. There is also free wireless internet and I had no problems accessing it.
Do not worry about the building beside the hotel - according to the receptionist, it has been like that for about 3 years but hopefully the owners of that "bombed" building will fix it someday.