"Basic" doesn't do it justice. Sure, the hotel may lack some of the refinements more expensive hotels may have; but was it does have is done extremely well.
Check-in was quick & friendly, and everything explained in good detail. The room was a decent size, clean, functional, good aircon, and had everything you need. The hotel was nice & quiet; the breakfast was simple but good - including the option of cooked to order bacon and your choice of eggs.
The location is perfect. A very short stroll to the altstadt and plenty of bars & restaurants. I'd definitely stay there again if I were in Innsbruck.