3 things I want to say about this hotel:
1) The decor is very cute. It's a great place to sit and socialize with friends, get caught up on wifi in the lobby, have a drink in the open layout cocktail bar, seek out tours if you want, get a coffee in the quick snack bar (this is a great feature since a lot of Reykjavik coffee shops don't open before 7, and before 12 on a Sunday and if you are a jetlagged American traveler you will need that early coffee), and organize your day. The bathrooms are worth a visit by themselves. But you can get all those benefits without having to stay there.
2) Breakfast is amazing. This one is worth the value, which wasn't cheap (maybe around $20 per person) but it is more than everything you could want and it was the best deal for high quality food that we found on our trip. It could match any mood you are in and the coffee was very good. Our breakfast wasn't included in our stay so I would recommend for other people to just skip the expensive hotel and come here for the breakfast.
3) The hotel was cute and small but not worth the cost. There were no real amenities here. Wifi was not included in our room, our room was the basic 2 person room, with a view onto the street and buildings on opposite side of the street. I made our reservation 4-5 months before our trip and mentioned that it was our 1st year wedding anniversary. There was no mention of this by anyone when we checked in, no note of congratulations or anything. That's not essential but anyplace that is a truly high quality hotel would have mentioned it. The room was around $250/night. Breakfast not included. Bathroom was in the bedroom but separated by a sliding glass door. They did not provide any travel sized toiletries or any coffee makers. No closets or room to put your clothes. We were on the 2nd or 3rd floor and had to lug everything up the stairs. Bed was comfortable but we didn't spend very much time at the hotel--no reason to. The Front Desk staff seemed stressed out...Not a bad place but it just didn't seem worth that kind of money. I can't imagine being comfortable there for more than our 2 days. It's probably a good option for parties of 5 just traveling to Reykjavik for the weekend and want a large room to share.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.