This is a family run hotel with a wonderful pool area that is great for relaxing. We stayed in the family suite since we were 2 adults and 4 kids. The room has a refrigerator and a TV. There is a door that will separate the double bed from the 2 bunk beds. Each room has it's own bathroom with shower. Since is it a hotel there is no stove or cooking equipment. The good news is that Georgios is a great cook and the food he offers is comparably priced with nearby restaurants and of good quality. The bus stop is quite literally across the street and will serve you fine if you are only a couple of people and wish to visit Fira and Oia. If you are a larger family/group i'd recommend renting a car which Georgios can arrange to be picked up and dropped off right at the hotel.
Akrotiri is small and sleepy when compared to Fira and Oia - and that was perfect for us. There are several good restaurants and a small market within walking distance. The Akrotiri ruins (c. 3500 BCE) are about a 15-20 minute walk depending on your speed. Red Beach is also walkable but is another 10min or so from the ruins to the water.
Santorini is expensive by Greek standards. Georgios's place was a budget-friendly option that fit our needs just fine.