This is a great place: quiet, safe, and friendly building staff. Short walk to many nearby restaurants. Very close to the airport (for domestic flights or international with connection in São Paulo). Marcia was kind enough to bring me an electrical adapter.
If your plan is to just relax on the beaches everyday, you might consider a closer location. But this is a great location for many other attractions including Escadaria Selarón, the Mural Graffiti by Eduardo Kobra (both are beautiful and spectacular for photography), and Museum of Tomorrow.