The Obelisk had good service and centrally located in Aswan. It was walking distance from both the market and ferries to Elephantine Island. It's central location made it easy to access many of the sites in the city. It's location on the Nile also meant it had excellent views of Nile,(from both the restaurant and from the rooms as well).
The hotel was clean, and pool looked pretty good although I wasn't able to use it. The morning breakfast was fine, (it had quite a few options and was the typical buffet style). The service was pretty good and had a fairly easy time at check-in and to explain what we had in the room.
A couple of the less great aspects were some of the parts of the room, (for instance, I had some small issues with the sink drain, and TV remote). However, most of these issues were fixed fairly quickly.
Overall, it is a fairly good experience, and seems like it was one of the better options in Aswan. I'd say it meant my expectations.