This hotel is all about location, location, and more about location. Red Light District is about 10 minutes walking, Dam Square is about 50 steps away, and the tram is directly in front of the hotel (like 10 steps). Its 20 minutes away from the Heineken Experience as well. If you are planning on being out all day, then i would highly recommend this hotel. Its located perfectly, food and drinks right around the corner, McDonalds/starbucks you name it, its pretty much next door. Rooms are a bit small (but that's expected), the bathrooms are a little bigger than an airline bathroom (first class), they provide toiletries which are replenished everyday. Hotel staff is friendly but not the most helpful (if you don't know your way around, ask them, but also look it up online yourself, as they are not that knowledgeable of their own city. Since everything is walking distance, grab a map from the front desk, and walk your way around yourself. Get lost in Amsterdam, its perfectly safe, and chances are you will learn a lot more, after 1 day, you will be able to navigate around the city without a map. Great cafes, restaurants, bars, only walking distance away.
Can be some street noise, but what the heck, its all part of the experience.