The Hilton Cyprus is located some 5-10 min. drive from the city center, along the main road coming in from Larnaca airport. hence in the direct vicinity of the hotel there are not many sights, restaurants or shops. That said, there are not many quality hotels in the city center. But the hotel is nice: good rooms, swimming pool etc. The rooms are slightly tired but clean. The food in the restaurants is tasty but not the special quality you might expect in this level of hotel. The price of hotels in Nicosia is surprisingly high and the Hilton is no exception, but you can find good deals online sometimes.
The biggest downside of the hotel is the ridiculously expensive price for internet access in the room, although it is free in the reception area.