In Lyon accommodations can be very expensive and can be relatively cheap. On one short visit, enroute to Switzerland, I stopped here for a night and was quite pleased. My single room (double for single occupancy) was only 60 euro. The location is ideal. About 4 blocks from Perrache, on the pedestrian street, Rue Victor Hugo, and only half a block from Place Bellacour, it was very convenient for an evening stroll into Vieux Lyon.
This hotel is all about value and location. If arriving by train, be sure to use the Perrache station. It's an easy walk to the station. There are bakeries and cafes all around and the metro station is close by.