The Hotel is great in general, but we have stayed in a "Superior Room with SEA VIEW and BALCONY" in Villa Argentina, and there was not much of a Balcony, I must say. People should be careful of what to expect when paying extra for the Sea View and Balcony.
The Sea View+Balcony rooms in Villa Argentina that have a reasonable balcony, hardly have any Sea View because of the trees obscuring the view.
The rooms on the upper floors (where we've stayed) have some Sea View, but a Balcony that could hardly be called as such. We didn't even use it, because it hardly fit 2 small chairs. This problem with tiny balconies extend to the rooms in Villa Orsula.
Extra points go to the VICTORIA Restaurant though, which offers superb cuisine, outstanding service, and breathtaking views of Dubrovnik. Our dinner at Victoria Restaurant was unforgettable.