Pros: Great location. Metro and buses and taxis are easily accessible. Very touristy location. Walking distance to the ports. Pull out sofa available for any friends who partied too late and need a place to crash. Dining options immediately outside upon exit. Close to supermarket.
Cons: Extremely noisy. Walls are extremely thin, you'll hear everything. I think upstairs is a restaurant, heard all the foot steps and furniture movements. Garbage trucks, recycling trucks are an absolute every day around 6/7 AM. Be prepared to be woken up as they are quite loud. Stayed in the 3rd floor, they had no elevator.