I spent four nights in Florence (May 2006). I was quoted 100 euros/night for cash payment. I had room 25, which was on the top floor facing the small portion of the terrace. The room was small but perfect for me. The room had a tv, single bed, small table, mini-bar; bathroom with tiny shower (not suited for a large person); hair dryer. The closet has a safe inside so that was nice to have. Because my window was right at the terrace, I couldn't keep my windows open at night. However, keeping the window closed kept some of the noise out.
Service was great. The staff was very friendly and helpful with my dinner reservations. It's located near the Arno river, and about a 15 minute walk to the train and bus stations. Breakfast is included in the price of the room, with typical foods that's served in most small hotels. I would definitely stay here again. Ask for Ms. Lara, who runs this hotel.
Viale Michelangelo 1, Florence
Via dei Tornabuoni 1, Florence
Piazza Santa Maria Novella 7, Florence
Piazza Ognissanti 1, Florence
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Address: Via Tornabuoni 8, Florence, Tuscany, 50123, Italy