As another reviewer said, There are more pros than cons.
Pros:
-You can't beat the rate. It's very affordable for Waikiki.
-The location is minutes from the beach and Hilton Village literally across the street.
-Very easy to get a taxi/Uber.
-Laundry on premises.
Cons:
-Hotel will not help you should a problem arise. This is a privately owned room.
-Pull out couch not comfortable, although the bed was comfortable.
-This particular room was comfortable for 2 adults. 4 is way too many. It's quite small.
So, would I stay here again? Yes, if I got the same rate, yes I would.