PROS: Great value for the cost. About a 10-15 minute walk to the Royal Hawaiian shopping center and a 10 minute drive to the Ala Moana shopping center. This is a great location if you plan on staying in Waikiki or have most of your plans centered around there. Theres also a 7-11 and Longs Drugs (CVS) close by in case you forgot to bring or require additional toiletries, drinks, etc.
CONS: Parking is expensive but thats to be expected everywhere in Waikiki. Unfortunately when I was looking for extra trashbags I found trash under the bathroom sink. Lastly, the floor was a bit sticky after the cleaning but it wasnt a big deal.