Oh by the way, here's some pics of the hotel and the area
If you get a good room, the view overlooking the square and canal is stunning - especially at night.
My room pretty much looked like this but in reverse.
Reception area where I smuggled the bartender into my room, terrified my parents would emerge from their room
We've stayed there before, but booked much nicer rooms. I can't find any pics of the nicer rooms though.
From the outside: