Just got back from Spring Break. We had an awesome time to say the least. We stayed in the penthouse for a week, and the view from the top can't be beat for the price. The room is nice, and the kitchen was handy to have. We had 3 guys staying there, and we definitely managed alright, even with just a double bed. One guy would sleep on the couch (though it is really tiny) or we pulled one of the lawn chairs inside and layed it out. Great spot for Spring Breakers because it's within walking distance to EVERYTHING. We didn't take a taxi once. We had tons of friends staying at the luxurious resorts and they spent hundreds on taxis during the trip. The bar/restaurant just re-opened downstairs, and the people running it are a really friendly couple. Great breakfasts in the morning, and good deals on drinks. It does get a little loud at night, but it's downtown Cabo so what would you expect? Turn on the air conditioner if you want to block some of the sound out. There is a great taco stand around the corner. The guy who makes the tacos calls himself "The Fifth Beatle" and he sings Beatles songs at 7:30 at night. $1 tacos, probably some of the best I've ever had. Many other nearby restaurants are excelled, especially The Crazy Lobster. Delicious surf 'n turf for $17.
I really recommend staying here if you are a traveler on a budget, a college student, or someone looking to stay a nice place with a helpful staff that is nearby all the places you want to visit while in Cabo! We will definitely stay in the penthouse again next time!