Central, but noisy. (Nightclubs VERY close by.)
This is a great hotel, but I have 2 IMPORTANT warnings. This hotel is in the central heart of the old town and if you're unlucky enough to be on the 'wrong' side of the hotel you will have booming nightclub music clearly audible until 3-4am. My second complaint is that my pillows weren't great. I don't know why, but I just could not get comfy with them. (This is not something I usually notice or even think about...) Apart from these two things everything about this hotel is fantastic. So my advice is request a room on the quiet side of the hotel and don't be afraid to ask for different pillows!
With these two things taken care of you will have a fabulous stay here.