Fantastic position, the views to the castle are heart warming after a busy day on foot. Close to Grassmarket/Old Town and Gardens/New Town if you go the other way round the castle. Nicely appointed. The 'balcony' is a thoroughfare to a couple of neighbours, so for us not a place to sit out. We went during the Fringe, so we thought the value good, considering. If coming by car get your parking sorted early and be aware not all car parks allow you to come and go. We used JustPark about 10 mins walk away.