Good location especially since there's a rent a bike/scooter/moped(?) on the same street. please tell them Assi say hello if you do haha. But it took somewhere from 5 to 15 min to get to the tourist spots.
I needed to check in from a different building from what the map showed, apparently a different street. Not most pleasant after a 5h flight at 3 AM - with two homeless guys (harmless though) sleeping on the opposite side of the street. Conveniently tho, there's a mini-mart right next door (thumbs up)
The room was decent and overall an easy experience (maybe the sound insulation can be better -if you know what I mean...)
There's also an area to chain your bikes inside and a scooter parking outside which was good.
Heads-up, if you leave your bags at the reception after checkout you'll have to pay $5 Per Bag for it :|