Ok, so this isn't the Ritz Carlton!
There is no AC, something that could be lethal during the summer.
My single room didn't have a TV either (I'm not sure if larger rooms have one).
Clearly not a fancy hotel: rooms consist of a bed, a chair, a closet, a phone. You also get a private bathroom, which is probably the reason this place gets 3 out of 5 stars in the standard hotel rating system. It is, however, a bit below the average 3 star hotel. I guess my expectations were a bit higher.
The price is reasonable: I paid 40 euros per night, but that's because the hotel has special offers for researchers who are in Bologna to work at the nearby Istituto Gramsci: the full price is probably around 60/70 euros, which is not bad anyway.
The hotel is also within walking distance from the train station.
Unique Quality: No AC. It's the only really bad thing if you're in Bologna during the summer.
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Address: Via San Giuseppe, 5, Bologna, Emilia-Romagna, 40121, Italy