Very close to everything, especially the Pile Gate, which is convenient for transport & bus tours. The hotel was located in a small alley right in the Old Town. The room is quite big and comfortable. Lots of restaurants & shops around. The check-in was easy, as soon as we arrived at the door, a guy approached us and gave us the keys. He was also a tour agent next door. We booked a day tour through him, and it was great.
The only downside is the steep stair climb with our luggage to the 3rd floor room, as there were no elevator.