Hotel spaces on the island are not sparce, but decent-sized, comfortable rooms with a great view are. If that's what you want, stay here. Located on Harborside, all rooms have a view of the harbor. Each room is a loft style with comfortable furnishings. Proximity to the Strand is a plus, but you'll have to drive if you want to visit the beach (or rent a bike somewhere). Prices can be reasonable if you come at the right time, but certainly cheaper than some of the other hotels on the island.
Bottom Line: Great view, great room, competitive price.