Hi, it is a budget hotel and fairly popular. There are 2 pools. Apparently the rooms near the rear pool can be a bit noisy. People frequently return.
The location is great so good for a first night. You are right in the thick of things there (restaurants, shops, pubs etc). If you don't like it or if you want something cheaper you can move. Walk down to Poppies 1 for heaps of budget places. They would be cheaper than the Barong but the hotel would reflect that. Eg Masa Inn and AP Inn 150.000rp a night.
There are of course others that are dearer. You get what you pay for. Depends on your budget. Bargain for a better price (especially if staying for a while).