We have been traveling for the last year; everywhere from Europe to Asia to South America and this is our favorite hostel so far.
It takes about 20 minutes from the bus station and 15 minutes from the center of town to get there, but the location is still great. Bus access is very easy and once you have a bus card, getting around Bariloche is a breeze.
We enjoyed the mountain cabin feel of the hostel. The layout allowed people plenty of space, but made the atmosphere conduce to talking and sharing with other travelers. The breakfast that is included is great. The spread isn't huge, but the bread is baked fresh while you eat, and the coffee is brewed not instant.
The owner/manager Javi was a really informative, friendly, and attentive guy. the rooms, kitchen, bathrooms, and grounds are very clean and well kept. We thought that the patio and grill area were great for hanging out.
Definitely spend some time hiking in the area, buy some meat from the carniceria a few blocks away for an asado, check out the local brewery for happy hour.
We would 100% stay here again and recommend this place to people looking for budget accommodations with a chill/relaxed hostel.