Ask for Mr. Hrvoje at the front desk. Very pleasant and helpful person who put us in the right track! Kudos for his excellent attitude and professionalism.
Definitively ask for the rooms facing the sea. Very nice view and much quieter then the back rooms facing a busy road.
Restaurant is good but limited selection in the menu. Breakfast is excellent! At night is one of the lively spots in Reykjavik as a trendy bar.
Rooms are small (like in most of Europe) but functional. Very surreal to see a huge boat in front of your window since it is facing the shipyard.
Many excellent restaurants within 2 minutes walking distance.