The accomodation is well located in the centre of Lisboa. The tram and bus station is next to the accomodation. If you want to spend time in the real centre at night, it is slightly difficult to find some buses back. But with a few minutes walk it workes.
The cocoon itself is lovely. You have all things you need (towels,hairdrier, kitchen,...). Also it is very nice to get a welcome gift (wine & cookies). The only small negative thing is that the cooker was slowly and you need more time to prepare your meal.
In sum we can recommend this accomodation and we would spend one more time there.