I can definitely recommend this place. The place is well located, inside the old town and just a couple of blocks from restaurants and stores. It is perfect for a short stay in Rethymno.

Comment aside:
If you are driving there, just be careful of not to follow the instructions of your GPS/Navigation and drive into the old town. For once, it is forbidden to do so during the day and second it is a nightmare to get out through those ultra narrow streets afterwards.