The room was spacious enough for one person and my luggage, it was clean and fulfilled all my needs, it was basically what I expected from the hotel. The location was super, it was a 20 minutes walk from the BSI and I could reach almost all parts of Reykjavik within a 10-20 minutes walk.
The breakfast that was included in the price was great, although they did run low on some items (napkins, cups and glasses) when it got busy.
The only negative I have to say is that the hotel had problems with the wifi connection for the first 2 days of my stay, I couldn't even find the network in my room. I had to stay in the lounge to get a wifi connection. It seemed to have been fixed sometime during my last day there, though.