Re Bed and Breakfast has to be one of the best places I've ever stayed. The owners are incredibly nice - quick to give information on what to do and see in Guayaquil. They really want you to enjoy your visit! The breakfast was very tasty and the wifi fast. I stayed in private rooms and both were huge and inexpensive ($30)! The neighborhood is very safe with many good restaurants. It's a few blocks away from the Malecon and pretty close to everything else. It's very easy to find again once you're out and about - I didn't get lost once! It's not big so it really felt more like a home with fun roommates than a typical hostel/bed and breakfast. I highly recommend and will definitely stay here again.
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