It's a pretty cozy hotel with friendly staff.
The cons are the rather stuffy atmosphere and the lack of a restaurant in general and breakfasts in particular. Distance from historical sites.
The advantages are the excellent location. There is a bus stop in 5 minutes, including Havaist flights to the new airport. This saves a lot of time and money on the way to and from the airport. There are many cafes and shops near the hotel specifically for locals, not for tourists, which allows you to have a great meal for 200-250 lira. There are also many banks and ATMs nearby, and excellent shopping malls within 2-5 bus stops.