My husband and I just spent 10 nights at this charming hotel.
We had a big room on the 10th floor. Beautifull view of the mountains and canal and if I craned my neck a bit standing on the balcony I could even see a glimpse of the ocean. The bed was comfortable and we used the practical little kitchenette. They also have free Wifi wich always is a big plus for me.
The only bad thing I have to say about the room is that hotel still has the old fashioned jalousie windows that are not very good a blocking out noise. It was very windy and the wind was able to run through the closed window panes and make a lot of noise that what, traffic noise was also quite loud even though we where on the 10th floor.
The breakfast was horrible in our opinion, and there where nowhere for us to sit and eat it the first day we came down. After that we decided to simply skip eating it and opted for buying breakfast at Starbucks or shopping fruit and yoghurt at a supermarket instead.
This hotel is a couple of blocks from the beach, and the pool area is tiny, so if you are planning to spend all your time by the pool or on Waikiki this hotel is not for you.
If however, you are more of an explorer like me, the hotel is really good value.

We recently stayed here at the Coconut Waikiki Hotel on route to Australia. We really enjoyed the hotel, and being just off the main strip was great, as it was quieter than other places I have stayed at in Waikiki previously. The pool was a little on the small side, but still refreshing! Food was quite good and service up to the usual Joie de Vivre standards. We have stayed at other hotels by the group in San Francisco and San Diego previously.

A number of years ago we stayed in a Joie de Vivre Hotel in San Francisco and had one of our most enjoyable stays at a hotel from quality of service to amenities. So even though we used air mile points to stay here for 2 nights enroute to other islands, we were happy to hear that the hotel is now a Joie de Vivre Hotel. But....either San Franscisico was way too good or this one was way too average. We arrived at around 12:30 to a front desk staff who could have been a bit more friendly but no big deal. We were given, which we found out after afterwards an upgrade to a room which was large, had two bathrooms and two small balconies overlooking the canal on an angle and one side of an apartment?hotel? across the street. The room was clean and bed was comfy. Street noise was expected. The first morning when we arrived for breakfast, we only saw cereal, toast and fruit. We then chose to go out for breakfast. The second morning we had already decided to go out and saw people eating hard boiled eggs with their toast. As previous reviewers have mentioned, this hotel so needs to improve their breakfast offerings and am quite surprised that the manager continues to respond to these comments with no evidence of change. Personally if we were going to stay in Waikiki and, not as a stop over, we would choose to stay at a hotel on the beach. Having said this, the hotel is an easy walk to the main streets and beach for those who want to save their money as hotels in Waikiki are expensive.