The room in the hostel was very small (expected), modern and clean. And, it comes with breakfast.
The location is about as central as you can get. The issue does not have much to do with the hostel itself but the street noise. There seems a street party going on every night of the week -- lasting until at least 4 AM. Perhaps if they could quadruple glaze the windows it would help.
So, if you are a party animal and expect to be out most of the night, this is a great place for you. If you need sleep after 11 pm or 12 am, pick a quieter street.