It is a very good hotel for its price, and is close to Monza city center. It is within walking distance to the train station, so you are just a short train ride to Milan. It also offers free shuttle to Malpensa. If you take a cab that's an easy 120 euro tab. Staff is very friendly.
The reason for a 3-star has to do with the proximity to the train tracks -- it can get loud at night. Also, the bar is smallish, and offers only a very limited selection of alcohol. Last but not least is the small parking lot that it has -- you have to drop off your keys to the front desk because the entire hotel probably have about 15 parking space. read more