This hotel is very close to the business area, it's safe to walk around, there are great restaurants around. The Costanera Mall is walking distance, so it's very convenient if you like to walk.
About the hotel, it is kinda old, so not very comfortable. The basics: hot water, wifi and clean bed sheets were ok.
I was in a room for 3 that was so small that we didn't have room in the closet to hang our clothes, and we didn't have room to put our suitcases. When we asked for a change, because we had friends in another rooms for 3 that was twice the size of our's, they told us that the problem's that the building is like that, it gets smaller the higher it is. We asked if the room was really for 3 or if it was for 2 but they added 1 bed, they said "no", but that was obviously a lie.