Be prepared for some steps. For me, however, I didn't mind at all, in fact due to this it made the hotel an ideal location. First is the lovely view from the balcony overlooking the Old Town and Atlantic, secondly its only a short 5-10 minute walk into the Old Town and third because it's located at the top of the hill the noise from the bars doesn't effect you. Less than 10 minutes walk away are Lidl and Aldi.
The Apartment itself was very spacious, comfortable and clean. Kitchen was well equipped with oven, hob and plenty of utensils. Our balcony (room 503) was more like a huge terrace, at least 40ft (twice the size of the actual apartment), but this depends on which floor. Other balconies looked a very decent size too.
Overall great value for money in an excellent location.