Located in the centre, just outside the hustle and bustle. Has very good service and works well at what i think it wants to be: a funky but welcoming hotel.
Service is very good and staff strive to be helpful. Both the restaurant downstairs and the room service are good.
The only issue is room size. I stayed in a normal room which was seriously small. You can upgrade at a relatively small cost (at least you could while i was there), but be warned classic rooms ar really only viable if you are on your own and, even then, quite cramped - if very well appointed.
Having said that, if you want a base which is central and has character (without costing a bomb) i would definitely recommend.