The location is great if you have a car! It's very close to my favorite bar in Austin (I used to live here), The Skylark Lounge, a great soul and blues music joint! It also has an amazing outdoor space if the weather is amenable to being outside. We really wish we could have enjoyed it.
One thing that was a little tough was that there weren't blinds on the windows. Being sensitive to light, I found it impossible to sleep once the sun started peaking in through the windows. You might want to check in about this if you have similar concerns.