Great place, if looking to be a bit outside of the tourist area - but easily walkable to it in a few km.
Everything you need to be comfy and survive. Been travelling for 11 months and was one of the more comfortable beds I have been in.
Just note, if you have an earlier flight - the street becomes a one way. So harder to get an Uber, as they cannot easily get into the neighbourhood. Just plan ahead to either walk a km to the beach area to be picked up or to have a normal taxi come pick you up at the Sheraton Hotel.
Would happily return for my next Rio trip!