This hostel would be fine if not for two (related) things:

1.) bugs
2.) lack of cleanliness

Me and my boyfriend stayed here for 3 nights and that was quite enough. After getting eaten alive during the nights by the more than 50 (how many we killed the next day) mosquitos in our dorm room, we left early in the morning to see friends off to the airport. In the hallway was a large dead scorpion!! That was the last straw, and we moved out that day. They only clean the dorm rooms once a week and I don't know if the bathrooms are ever cleaned. They were filthy mosquito breeding grounds. On the plus side, the breakfasts (not included) weren't too bad and the other travelers are a great source of information. If you can stand the mosquitos and other creepy crawlies, this place is ok.

+ AMAZING location, within walking distance to pretty much everything, and the buses were easy and so so cheap
+ Yummy breakfasts, got a fry-up every morning!
+ Cute common area & decorations in the corridors
+ Big rooms, comfy beds, clean bathrooms
+ Hostel provides tours & good travel advice to anywhere in Beijing

- Rubbish internet connection on the hostel computers (but good wifi)
- Towels were way too small

I stayed in a double-room, single-occupancy, for three nights in October 2010, total CNY 684 / 81 euros / 100 dollars. The hotel was down a nice laneway/hutong, 7-10 minutes from the nearest metro, and 20 minutes from the main shopping street.

The room itself was a bit grotty. Not sure when the bedding was last washed, so bring your own sheets, boys and girls!

The bathroom was ok. The sink drainpipe was too short and spilled water everywhere on the floor. But I fixed it by slicing off the bottom of a large water bottle and inverting it, funneling the effluent into a hole in the floor. I was proud of myself, being an arts major and all.

There's a little bar in the lobby where I met some nice travellers on one night. On another night it was full of old guys telling tales of their sexploits in southeast Asia, so I made my polite excuses and retired early.

This was the last place we stayed in Beijing, it was a great location, right around the corner from their downtown. The staff was nice and friendly, we were able to book our great wall tour with them, which turned out to be wonderful! We booked a private room with private bathroom which was pretty spacious and comfortable. The common room was fun and comfortable, we ordered food a couple times here and it was ok, be aware that you cannot order food after 10pm which is kinda a bummer, but they do have large beers for cheap!