Stayed here for two nights with my fiancee in March 07 for US$60/night in a double room. The hotel is more awkward than bad but I would suspect there is better value to be found.
Our large room had a nice, big patio (shared with one other room) overlooking a park and the Nile, but the blaring techno music from the adjacent market was a bit annoying at night and cancelled out the advantage. Fortunately, all was quiet the night before we headed to Abu Simbel at 3:30am and we never heard any noise from inside the hotel. The room has satellite tv and a fridge but was the most poorly designed I've ever seen, completely wasting its ample size. I counted 14 corners in ours. No wall went straight for more than 6 or 8 feet and there was a support column right between the desk and the wardrobe. The bathroom is equally difficult. The tiny tub and lack of a shower curtain means you will probably get water everywhere, and you will also have to wait 15-30 mins for hot water due to the individual water heater in the room. The cleaning staff went out of their way to fold the towels in a creative design for us, but really the room wasn't very clean.
The location is very convenient to the train station and the friendly, helpful staff were kind enough to let us check in early (arrived at around 8:30am on the overnight train from Cairo) and check out late (after returning from Abu Simbel around 1pm). It is a bit far north along the corniche but the walk isn't too bad, and there are no shortage of cabs or caleche's to take you where you want to go. The rooftop bar doesn't serve alcohol but views are nice. Breakfast buffet is not very good, but there was someone to cook eggs to order. They accept credit cards without an extra charge, but the machine wasn't working when we checked out so we had to use cash.
TIPS: Talk to Hakeem in the tourist office before doing anything in and around Aswan. He provided us with lots of really invaluable help.
You can book a day-trip to Abu Simbel through the hotel, but you'll pay EP100. You can get the EXACT SAME tour, riding on the EXACT SAME bus, from one of the smaller cheaper hotels for about half that, depending on your bargaining skills. Even if you don't book the tour through the hotel however, they will still prepare a complimentary, basic breakfast box for you.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.