The rooms are really comfortable and have an awesome location, barely 5 minute walk to the central market and Valencia's cathedral among other things. If you have a light sleep make sure to book one of the rooms on the back. I'm not a light sleeper and I got the one facing the street and slept like a baby, but I can see how some people may find it noisy. To my amazement, It was rather easy to find parking spots in the area, but be careful, most have a pay schedule.
Overall the stay was great and the place is really nice.