This hotel is very cheap, we got it for only 30 euros a night. We didnt even realize we were booking such a cheap hotel because we were in a rush. They were right the location is great. Its in the town of Thira/fira which is the only place to stay because there are alot of things to do at night even bars and nightclubs. This hotel is not on the clif but its a very close walk to it, less than 10 minutes. You will be walking though town streets though, and since the whole town is a big clif it can be somewhat challenging and 100% impossible to survive in heels.
The hotel has a pool which looked nice but we did not have time to use. Its pretty on the outside. The beds are very cheap but clean sheets and the bathroom is not that great either but everything worked. Tiny balcony in your room as well. Breakfast was a joke but it was free.
It was very nice that they offer you a free ride to the port in a shuttle.

So great location, but not for people that like to stay in the room when they're on vacation.