I stayed 1 block from there for a few nights last spring (CitizenM, which I would recommend). The neighborhood lacks some of the cool charm of the Latin Quarter or Le Marais but you just can't beat the access to transit and I wouldn't hesitate to stay there again (especially if I was catching a train out of Paris heading south). Between Gare de Lyon, Gare d'Austerlitz, and the Quai de la Rapee metro stations, you can get to just about anywhere of interest in just a few minutes on the metro. There are also some good restaurants within a few blocks like A La Biche Au Bois.