This is a very nice location for hitting central Edinburgh. You can even walk to the castle if you don't mind a little walking; it's probably a twenty minute walk or so. We found this location to be perfect for the Edinburgh nightlife. (Highly recommend Panda and Sons)
The room was lovely and the shower was hot. There is a lovely dining room for breakfast. The 11am check out was just what we needed after staying out so late. Since there are a lot of rooms you can hear water running in other places when someone takes a shower or flushes a toilet, and you might hear early risers getting up for the day, but if you don't mind that sort of thing, it's really ideal! It feels a lot like staying in a hotel so it was nice for our one night in Edinburgh.