For the price we paid 60 Euros per night for a tiny room housing 3 people, we could have gotten a hotel for the same price or slightly more.
One of the managers was very unprofessional and rude to me and my friends. They live there as well. It is actually on one floor of a building so a bit hard to find if you're on the street. The sign for the hostel is very small and barely noticable.
Plusses are that it was clean, and in a convenient area to get around, lots to eat in the area, close to Plaza Mayor, Plaza del Sol and tour busses, the metro etc.
The shower head broke the first night we stayed there.
This is not the place if you're looking for something romantic.
No AC, but the fans were okay.
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