This is a great place if you want to be really close to really old part of the old town, while avoiding the difficulties (not being able to take a taxi to your hotel, lugging your luggage on uneven streets, etc). This place avoids all that, but it is so close, that you really lose nothing by staying outside the port (and I have stayed in the port). Excellent bathroom, AC, living room, etc (in fact, many places in the old port can't even offer as good ammenities). Nice restaurants nearby, and a grocery store as well.