The location for this hotel or “guesthouse” is excellent. You can throw a rock and almost hit the prominent Hallgrimskirkja church on the hill. More importantly, you’re 1 minute from one of the 2 main streets of the city (which also takes you downtown).
The staff were all very friendly and helpful with information. They even tracked my flights coming in for arrival, which was important given I actually got delayed and held over in another city..
The room itself is pretty small and the bathroom even smaller. It works, but for $200 a night it’s not cheap. There’s no real amenities here, but it works for an overnight or two. Just don’t expect the Marriott level of comfort and style.