Location was perfect. The vast majority of anything you will need for an adult couple vacation within 10 minutes walk. The rest is easily reached by Uber or public transport.
The hotel itself extremely charming. The little details, such as the morning buffet with only 6 tables located in the old kitchen, was approved highly by the female part of the couple. Extremely nice breakfast.
The rooms were perfect. Yes, it is older (located on the first floor of a private building, with 2+3rd floor privately owned), but clean and large. Surprisingly quite at night, even though we had a window to the square with all the restaurants. We did have closed windows and AC on due to the high outside temperature.
For a couple trip, this would be a first pick for us going to Lisboa.
Highly recommendable.