This place was perfect for my family vacation (there were 4 of us). The place is huge, beautifully appointed, and directly above a terrific cafe. It's out of the tourist district but extremely close to all attractions and a bus stop, so you can live like a local and still see the highlights of Palermo.
We spent the New Year there and we were a 10 minute walk max to all of the bars and clubs that locals recommended to us (and they were all so great).
10/10 would recommend!