As others have pointed out, the location couldn't be better. You'll be not only a block from the beach, but also across from the a sprawling park – perfect for walk, jogging, biking, with great views of Diamond Head. You'll be within an easy 5-10 minute walk to the epicenter of Waikiki, with all the crowded tourist traps, but you don't actually have to deal with it, unless you feel like it.
A few tips, in random order: There is a Starbucks at the end of the block and an ABC (convenience) store literally next door – both very convenient. The staff at the front desk were polite and helpful, and let me store my stuff with them for a couple of hours before checking in and after checking out. The Lyft rides from/to the airport cost about $30 each way; there are also public buses for under $3 as long as you have time to kill (this journey takes over an hour) and are not traveling with large bags. The keypad lock was very convenient: no need to bring keys/fobs when going to the beach across the street! For local exploration, get a bike or a scooter; the nearest rental place is just down the side street. There is also a Zipcar location (the only one in all Hawaii!) a few blocks away, but try to reserve your car in advance – there are only four and they do get booked fast, especially on weekends.
I had a great trip, and the convenience of this place played a big role. Kurt was very courteous and prompt in answering my questions. Mahalo!