This is a hotel room type accommodation. You are above a restaurant on the main part of Chaina old town overlooking the harbor. There are very good windows and the room is pretty much soundproof so don’t fear the above the restaurant location. Everything is nice. You check in at the restaurant and the room is a hotel room style with nice accommodations. A very nice room.
If you want to stay in old town you have to find parking at a municipal lot or on the street somewhere else. No parking is associated with any of the places in old town. Accept this fact if you want to stay anywhere in old town and realize you will just have to find a spot and walk a little.