The place was pretty much ok but only if you want to party a lot. It is hard to get rest in this location due to noisy surroundings and floor. Also, the kitchen equipment is really basic, if you plan to cook at home you may find it insufficient (also there is no washing machine). The closest grocery shop is Pingo Doce at the rail station which is extremely pricy and lacks many basic things.
Pros: location close to all worth-to-visit places, A/C, washing machine.