We stayed in a double room with bathroom for $24. The room was okay although bed not that comfortable. There were a number of draconian rules that were a bit mean spirited e.g. no drinks bought outside the hostel were allowed to be consumed in the communual area and no use of services such as wi-fi after check-out even if you're waiting around for transport connections. Staff were so-so; one quite rude, and one friendly in an fake way.

Wi-fi available only on the roof terrace which was not so great, especially if it was raining and there people already in the covered area. Breakfast was extra and was fine. Laundry $1.50 per kilo. Lockers were available but cost $1 per day and you have to use your own padlock.

Location good, walking distance to both old and new towns.

It was okay but I wouldn't stay here again as we found somewhere much better when we returned to Quito.

I'm going to write the bottom line first: I would never stay here again.
The neighborhood: seemed safe and quiet, but I didn't explore it at all except to buy a yogurt at the tienda across the street. Not near tourist stuff, so it seemed.
Check in: I walk in the lobby to the welcome poo left on the floor by the owner's dog. When I mentioned it she just laughed. My f flight had lost my luggage and she was very kind and said she'd call the airline for me the next day to inquire about it. The lobby has one computer, which I used to email.
The room: smaller than my bathroom in the States with no windows or decorations whatsoever. I was just staying one night though, so no big deal, but I did feel claustrophobic. The tiny bathroom had one small vent-window that apparently shared with the guest's bathroom on the other side. We could easily hear each other's private business. Gross.
Sleep: I would have slept well on the comfy bed, but due to very loud rude guest, I did not. Guests come in at all hours of the night, buzzing the front door bell relentlessly, and talking loud as to have no respect for other sleeping guests.
Breakfast: simple but good breakfast cooked in the terrace overlooking beautiful historic Quito. Staff is very nice.
Check out: I gave my key to an older man and he didn't say goodbye or thank you or anything. All other staff though was very nice.
Overall: The thin walls and loud guests ruin this small, family run hostel. Otherwise, it was a good deal for solo budget travelers like me.

The hostel is ok (although it's better not to walk around at night).
I did not have a good time there - I felt like my money was welcome but not me.

They serve breakfast on the terrace for 2$ (1 croissant, scrambled eggs, fruit juice and tea/coffee). WiFi is available but very very slow from the room.

There are other options in the historical center (cheaper and better in my opinion).

The owners of this place are VERY helpful and friendly and will give you lots of information. I loved the view from the roof top terrace! Rooms have good rate and have WIFI, only the WIFI connection is terrible in room and terrace.