The phrase "privileged location" means being in a special or advantageous position that gives someone certain benefits or advantages compared to others. Full definition
It is in the most privileged location, where waves come crashing down. (hotel-paraskevas.com)
First opened on the 3rd of December 1958, with the most privileged location in the city center. (hotel-mundial.pt)
The St. Regis Mauritius Resort is situated on one of the most privileged locations on the island on the pristine white natural beaches at the UNESCO World Heritage site of Le Morne and bordered by a turquoise lagoon. (breakingtravelnews.com)