I stayed at the Mercure in December 2005. It was a bit of last minute booking - booked it on the Friday and then travelled on the Monday. Due to this it was the literally the only place in central London available for the week and prior to this I had never even heard of the hotel!
Location - It is literally just behind the Tate Modern and Millenium Bridge. It is about 10mins walk from the hotel to the nearest tube at London Bridge so it is relatively easy to get about.
Rooms - Rooms are basic. Similar to staying in an Ibis or Travellodge. They do have everything you need though - TV, tea and coffee facilities etc. And they seemed clean.
Facilities - The hotel has a small gym. In has a restaurant and bar but I never ate or drink so can't comment on this. Staff all seemed relatively friendly.
Price - It was between £60 - £70 when I stayed which is very reasonable for central London.
The downside - The thing that let this hotel down for me was it was the coldest (it was December I stayed though) hotel I have ever stayed in! I had the heating turned up full in my room, as well as wearing numerous layers of clothing (and gloves at one point) and it was still freezing! I couldn't get my room changed so reception provided me with a small fan heater for a week which wasn't ideal.
Overall - It is a reasonable hotel and if you wanted to stay in central London on a budget I would suggest it. However, if you have the budget then I would recommend staying elsewhere! as there are so many other hotels nearby (like Crown Plaza London The City) that are a lot lot nicer.
Pretty good review but you could do with including a bit more info regarding for example disabled access, child friendliness, facilities, smoking facilities etc. Have a look at my Angel Hotel review for an idea of the type of things to include to get even better ratings.
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Advantages: Very close to Tate Modern, and Southwark tube station Disadvantages: Located on the other side of the river from the likes of Oxford Street
Advantages: Very close to Tate Modern, and Southwark tube station Disadvantages: Located on the other side of the river from the likes of Oxford Street