You will not find a better location. It is in the hub of Hollywood, right on Hollywood Blvd. It is connected to a shopping complex which has all your favourite stores. There is always something to do if you walk just outside the hotel which is the beauty of it.
The hotel itself is gorgeous. I have stayed there twice and the first time they were renovating and it was good, so when I got back this year and found that everything had been completed I WAS IMPRESSED. Rooms are sooo spacious, very clean and a pleasure to look at. Windows are huge and stretch across the whole wall. If you pay a bit extra you can even get a room that looks out at the Hollywood sign.
The staff are super friendly and helpful.
I would definitely stay there again.