This is a very cozy hotel located near major attractions in Reykjavik. We had a car but we left it parked and walked to everywhere including Hallgrímskirkja.
Our room had a bunk bed, which was fun. The room and the bathroom were clean. The bathroom had hooks to hang your towels! The hotel staff were nice and friendly.
There is a nice bar/restaurant inside the hotel. If you forgo housekeeping, they offer 1000 ISK per day to use it at the hotel bar, which is enough to get a beer or wine during happy hours, which we took advantage of.
As a first time visitor to this hotel, we could not find the entrance to the hotel right away. The entrance is not located on the Myrargata road. If you are driving, turn on to the Hlesgata road, and take the first right turn to the hotel entrance.
The only bad is the proximity to the road (Myrargata) from the hotel rooms. The hotel is about a few meters from a pretty busy road and you will hear all kind of noises. We were on the first floor and the noises from the cars were loud enough that it kept us up late and woke us up early. We really enjoyed the hotel but couldn't wait to get out of it at the same time. Do request for higher floor rooms if you sensitive to noise.
As much as we liked the hotel, we probably will not stay here again, unless we can get rooms on the higher floors.