The place is truly by the Sugar loaf, so that makes it very convenient and safe. Urca is a great neighborhood altogether, it has a beautiful view for the Christ, it’s easy to walk around and it also is not that far from Ipanema/Leblon or downtown. The place is big, which is great if you are in need for or like lots of room. My only two warnings: if you are carrying very big suitcases, be mindful that you have to go up the stairs (it’s only two sets and quite large steps, but still). Also, if you are traveling with children who have a hard time falling (or staying) asleep, it can get a little noisy (noise from the street mainly, no big deal, but worth the note).
All in all, it’s a great cost for money stay, hosts are always available, and I would recommend it.