Hotel in pleasant position (5)
I believe the answer is:
niche
'position' is the definition.
(niche is a kind of position)
'hotel in pleasant' is the wordplay.
'hotel' becomes 'h' (phonetic alphabet: alpha, bravo, charlie etc.).
'in' indicates putting letters inside.
'pleasant' becomes 'nice' (associated in meaning).
'h' going into 'nice' is 'NICHE'.
(Other definitions for niche that I've seen before include "Position well suited to the occupier" , "Suitable position (in market, life etc)" , "somewhere comfortable" , "A small recess or easy job" , "Small recess or cranny" .)