This location is within walking distance of many restaurants/ bars and some clubs. This is a location to stay at if you don’t plan on staying inside all day. As the description says there is no TV etc. just the basic necessities.
About the parking situation and pricing. There is one within 10 mins of walking and the price is about $10-$24 for either a half day or the whole day.
The location you can find some street parking to load luggage inside then park the car at the paid parking garage.