This was my second stay at Dominik Panzio on a trip to Budapest for a concert. The hotel is convenient for the Budapest Papp Laszlo Arena and national stadium, both only a few minutes' walk away. It's on a quiet street, close to Keleti railway terminus and the end of the main arterial road into Budapest from the west. In maybe 15 minutes, you can walk to the old centre of Budapest, the Jewish quarter and so on where are all the "ruin pubs", bars, restaurants, cafes, boutique shops and so on.
The hotel is a little old and tired but well maintained, clean and very cheap. The rooms have shared bathrooms and toilets at the end of the corridor -these were also clean enough. The reception is staffed round the clock and the staff were all very helpful and spoke English quite well.
The main advantage of Dominik Panzio is price -it is very cheap indeed! The advertised room rate in reception was 35 euros for a double or twin room but booked in advance via Hotels.com, it cost just EUR 22.50 (plus a city tax of HUF 450 per person per night -approximately EUR 1.50 each). This is cheaper than or equivalent to most hostels' charges for two beds in a dormitory.
We had the breakfast in the morning, (07:00-10:00, EUR 4.00 / HUF 1,200 each). It's a buffet and pretty good value: cereals, muesli, fruit, yoghurts, juices, teas, coffee and bread rolls with sliced cheeses, meats, tomatoes, peppers and cucumbers.
I would recommend Dominik Panzio for short stays on a budget.