In general the Fashion Loft is exactly as per the description.
Before we arrived we were given a list of tours that we could do (The one we chose was great, and the guide was superb).
The unit is very basic and has no lounge, but for large groups it would work well as long as you don't want to do much inside of the Loft.
There was a couple of problems with the Unit which we highlighted, but as we were there between Christmas and New Year, these could not be resolved (Dishwasher was not working which was a problem considering there were 10 of us), as well as some things like toilets and doors not opening / closing.
Also, there are no double beds, so couples enjoy sleeping on single beds, even if you move them together as we did.
Looking at the beds, I didnt expect them to sleep well, but they were surprisingly better than expected.

The location is secure and great, just a couple of minutes walk to get anywhere which was great, and it was in general a good base to work from.

Overall, it is a basic unit which if you are going to be out most of the time other than sleeping is a good base to work from, especially if you are a large group.