Great location and very good for a short stay. We were there for 3 nights only so it was ok but would struggle if this was a longer stay as it is very basic accommodation. No clothes storage or anywhere to dry your stuff if you want to wash it.
It was incredibly loud at night as we had a stage outside of our window and it was Semana Grande week so there was a life performance every night from 11:30 pm until late night. Lots of fun watching fireworks but trying to get some sleep not so much.
All in all I would recommend if you are not bothered by the noise as it is perfect spot in the centre of old town.