I've been living in Taipei for more than 20 years and this area is where I used to live. Everything is within walking distance. If not, just hop on the MRT right in front of the hotel. Actually, I got around by taxi, because it doesn't cost much and can buy me more time. The hotel itself is a bit old, but the location is great.
Very good location, brand new hotel just opened this April, Modern and natural decoration with a lot of wooden finish, wifi available everywhere free of charge, Hotel Staffs good service from heart and always greeting with smile and friendly manner.