Huge Positives - The location and view were both fantastic, right in the heart of Waikiki with amazing views of the ocean on one side, and the lush Hawaiian mountains on the other. Many activities, shopping, restaurants and beaches are all within walking distance.
Negatives - The suite is pretty run down, and because the doors to the deck aren't sealed, it is very noisy at all times, as is the air conditioner.
Advice - Park on Ala Wai Blvd and save yourself the $40 USD per day they charge for parking at the building. It will mean a longer walk back to your suite, but it was totally worth it for us. Just make sure you pay attention to the signs for the two times per week you can't park there.