Yes, it is true, this Hotel is on Beira Mar, in a nice location. It is the cheapest hotel on the street. However the hidden cost were extensive. They will charge you for everything. You must pay for the WI-Fi service service by the hour, the signal was weak in my room and you spend alot of time disconnecting and reconnecting to it. It also made it impossible to run apps, from a phone with a Wi-fi connection. They charge you for soap and shampoo, the mini bar drinks are terribly over priced and there is actually a sign in the hotel, requesting that you not bring in drinks from outside the hotel. On an upside the staff are good people. When I left this hotel early they did not charge me a cancellation fee. and allowed me to leave early. However they would not transfer the balance of my prepayment to my credit card,only to a bank account. There are many other nice hotels at this price on the beira mar but are harder to find on the internet.