This hostel was a good find. 5 mins walk (max) to tiannanmen square and the metro, and a dorm room with a private bathroom for 45rmb per night if you book on hostelbookers ..
The bar is sweet, despite having the grumpiest bartender in the world, and the view is awesome. Wifi in the bar and in the lobby but not in the rooms. The girls in the lobby are really helpful and will assist you with anything you need - tickets, directions,recommendations etc. Hot water is a bit tricky - you can get it in the bar if you've bought the food from the hostel (5rmb for ramen noodles), otherwise you have to track it down in the main restaurant. They also have a book exchange.
Rooms cleaned every day and beds are comfy.