Great location for nightlife. The downside of this is that there is a lot of noise at night! This didn't bother us too much but if you're sensitive to this sort of thing (or are staying with young children) I'd be cautious. It may also be quieter once you're out of peak holiday season.
Bathroom/kitchen is incredibly small (you'll struggle to shut the toilet door while using it), although the other rooms are much more comfortable.