It was a little far from the main areas of Palma, but I rented a bicycle for €20 for two days and hardly noticed the cycle in and out from the hotel. It would be a little too far to walk you see. Having said that, there's a bus stop around the corner if you didn't want to rent a bike.
Also, no TV in the room, but I was hardly in the room anyway. For the price you pay, this is a fantastic place to stay. It's basic, but better than a LOT of places I've stayed. Once you know you're paying the minimum for good basics, you'll know what to expect and you'll be fine.
I loved staying here, I had a really pleasant trip. The staff were lovely and really helpful. They let me leave my bag there for a few hours on the last day for no extra charge. My flight was arriving after reception had closed, but Maria emailed me about this beforehand and left me instructions for how to pick up my key when I got there. Very easy and hassle free. The pool was small but refreshing. The two labradors living there were very friendly and calm. Lovely pets. The price was great. The beach was a few minutes down the road, very nice to walk on during the evening or sunbathe during the day. Free wifi.