Very nice and well located. Everything that one needs while staying in Chora is only a short walk away. We spent a week on Naxos and Lygdamis Hotel really was a nice place to do so. I only have 2 things that I wish the hosts will do better in the future. Firstly if you change a reservation of a guest do it more personal. We accepted a change but didn´t realize that they were offering us a smaller room. After the room we wanted in the first place was availible after 3 days we could change it which was nice but the first room wasn´t as nice as the second and sometimes there was a not so nice smell coming out of the drain. The second thing is provide more power plugs. Sometimes it´s really hard to get everyones hardware (Cameras, Phones etc.) charged for the next day if there aren´t enough.
Overall I´d recommend the place for a stay. Especially the common areas are really nice and if lucky one can get in touch with other visitors.