The location of the hotel is great. Just a short walk away from the center of Fira. The room itself was relatively clean, but overall it was different than a typical Airbnb experience. This is like a hotel without the full experience of an organized front desk and also an Airbnb without daily essentials like dish soap or a microwave. Overall, it felt like an average hotel which isn't necessarily a bad deal for the price.
The hotel also can setup activities for you which is nice. We did the ATVs. Highly recommend getting one on the island, but the company used was questionable and didn't seem to require the same licensing and paperwork as the other companies our friends used. Worked out fine for us and had a good price, but I'd do your research to make sure you're fully aware.
Overall, I'd recommend for a cheap getaway in Fira!