We loved our stay at Coconut!
Hotel: The staff was wonderful, and I loved all the amenities - water filling station, coffee all day, popcorn happy hour, and beach towel availability.
Location: We go to Hawaii often, and this is one of my favorite areas - walkable to everywhere in Waikiki and then to Ala Moana mall as well.
Room: Ours had a kitchenette, which is key for us and our lanai overlooked the canal and mountains - stunning!
Note: Parking is valet only and $40, but they are quick and it was nice to have a parking option.