This is an excellent location. 1 Minutes to beach, 1-5 minutes walking distance to bus which runs to Airport, Pearl Harbour, Diamond Head, Hanauma bay ( Snorkling). Sea Life , Kualoa Ranch ( Movie Jurassic Park place). Waikiki beach is just 3-5 walking distance. All the lux store, best restaurants as well as fastfood restaurant are all nearby.
The bus ticket 5$/ day unlimited access. however, It takes quite long time since bus stops at every stop. If you want to save time, better take a rental car or tours. This address nearby has free parking available: Waikiki Shell.
Mark is very nice and helpful. The hotel has top deck on 10th floor which has great view with beach and mountain. I love this location, if I come back, I will choose this location again.