Not luxorious, but it's more than enough if you're only planning on going to the BnB to sleep as you should be out and about exploring anyways.
The views are pretty nice and it's at a very walkable diastance to downtown Waikiki and the beaches. Towels and such are provided, in addition to snorkeling equipment and beach seats/umbrella!
There's a nice little breakfast place called the Cream Pot right on the 1st floor of the BnB, which has great reviews.
The only minor complaint is that the washer/dryer does not work, but there are washer/drier facilities on the 5th floor I believe.
Overall, good bang for your buck. Larry was very accomodating and responsive.