I would definitely recommend the place for people, who would like to be immersed in heart of the city's history. All the attractions are within walkable distance.
Also, Pepe has all the guidance for places to eat and travel info for your needs.
However, I would alert folks with heavy bags that you would need to haul it three floors up. We were two with back packs and had no issues. This was not a negative for us.
Happy travels!