Amazing location (though can get a bit noisy if you open the windows since it's on a busy strip with tourists), but in the center of it all. Steps away from the castle and viewpoints.
Also close to lots of great restaurants (timberyard/Dishoom) and coffee/juice shops (brew lab/hula).
Only minor discomfort is the hot water in the shower, takes 20 minutes to kick-in but only lasts less than 10 minutes. Other than that, awesome stay!