I stayed at the Alfholl twice in June 2009...on a Friday, and then the following Friday and Saturday. I lucked out, because we were upgraded to the Studio suites - these suites are "sweet". Private bathroom, useful kitchenette, and because they are on the top floor, you can not hear the opening and closing of doors throughout the house (damn elves!). Kristjan (the owner) was very helpful in allowing us to store our luggage prior to check-out, and checking us in early (i.e., 9:00am when flight arrived) since a room was free.
The Alfholl location is fantastic! It is a 1.5 minute walk away from downtown, and is very close to the old harbour - which is off the beaten track and has significantly less expensive dining options. I highly recommend this guesthouse.
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