This place is pretty far away from Valencia, but I had a hired car so it made no difference to me (plus you can park across the street for free).
The hotel itself was very nice, the room was quite comfortable and the rooftop pool was a welcome diversion. Best of all the lunch was an incredible value: I had a four course meal for only 12€, and it was tasty to boot.
I'd definitely stay there again if I visit the area.