The hotel is a fantastic and incredible value. The hotel is modern, new and the service is flawless. The hotel even has a pool. The breakfast was yummy.
Don't worry about the location. All the hotels are within ten minutes of wherever you need to go. Old Bagan isn't like a cute colonial town to walk around like Luang Prabang in Laos, so the location is meaningless.
The hotel, however, is right near the hot air balloon launch. Go to the roof at 7 am on the day you don't do the balloons for a fantastic photo op to see them overhead. Also, the hotel is near a few stupas, so, at night, the lit-up stupa is magical.
This hotel has to be the best deal in Bagan, and I can't imagine staying anywhere else.