Great value hostel. We had a double room which is quite small - room for bags but not much else. Great balcony with a bench and great view of the waterfalls and alps. The street of lauterbrunnen isn't that big so doesn't really matter where you stay. Stefan was great in helping us chose activities and recommended which mountain to go up and see. He also provide us with discount vouchers to use which was great. Free parking and wifi. Only negative is no tv in the common area. As it was quite rainy while we were there this would have been great. Not really a big deal though. Would def stay again!