We loved being centrally located, close to many of the major tourist attractions. There was lots to see and do within a very short walking distance.
Something you should be aware of is that there is a bar right downstairs, which means there is a lot of shouting and loud conversations late into the night, well past 2 am. Even on a Monday and Tuesday night we found it almost impossible to sleep on the sofa bed even with earplugs and all the doors and windows firmly closed.
The bedroom is a little bit better insulated from sound, but if the downstairs neighbours are watching TV or having a loud conversation you will definitely hear it.
If you are sensitive to noise or are a light sleeper, I would take this into consideration. If you plan to be out all night, this likely won't bother you! Noise issues aside, the unit is very clean, spacious, and bright.