The hotel is just 1 minute from Faria Guimaraes metro station, 3-4 stations from the old city centre (Ribeira). It's not easy to find, as the building are numbered randomly (it seems so). Just go uphill from the Faria Guimaraes station and you'll find it on your left-hand side.
The room was clean and well-equipped (en-suite bathroom with toiletries, double bed, TV, A/C). Staff was very friendly and helpful, we were even offered free bottle of delicious Porto wine. Given very reasonable price and great location, I wouldn't think twice before staying again in that hotel.
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