Traveling with my teen, I booked the standard room for 1 night. It was a perfectly good hallway with private bathroom and Not on the street. When we came back I upgraded to the larger room. The drawbacks to this was that it faced the busy street. Pretty loud if you aren't used to the city. Great location at the end of the shopping street and near the bus station. 20 min walk to bus terminal. Good for the price.
The hotel cancelled our booking 24 hours before check-in which caused us a lot of trouble. We had to change all our trips and transfers last minute I wouldn't recommend that place to anyone. If you are planning renovation why you're getting bookings. Absolutely unprofessional.
Whilst the hotel has no frills it is very conformable and very warm in the winter and has an excellent position close to best sites in Reykjavik located on the corner of Laugavegur the main shopping/eating street in the city.
Pros: this is very reasonably priced for Reykjavik. It is round the corner from bus stop 10 for tour pick ups, the Hlemmur bus station and a 1-11 grocery store; it is at the far end of Laugevegur and so there are plenty of shops, cafes and restaurants a short walk away. The receptionist was friendly and helpful. Cons: reception is only open between 4pm and 11pm. Outside those hours you are on your own. There is currently no breakfast provided (though my room had a fridge). Shared bathroom only (the room had a small wash basin) and with a lot of people using it, it suffers accordingly. Thin walls: the people on either side of my room shouted in to the small hours and again from early morning. I heard EVERYTHING whether I wanted to or not. Ear plugs therefore are essential. It was OK as I was out on tours during the day, but it was OK as a place to leave my stuff. Due to the noise I didn't sleep brilliantly and in retrospect I should have paid more for my creature comforts. I like to relax in the evening after a hike/tour.
There are a couple of things to recommend 4th Floor Hotel. It is right off Laugavegar, which is the main shopping street with lots of restaurants. The room was clean. There is lots of travel information in the lobby. Unfortunately, there were only 3 parking spaces. Street parking is free from 6 in the evening to 9 in the morning. Otherwise, you have to pay. We stayed in room 404. It was a little shabby. The door handle came off and base boards are separating from the wall. Worst of all the plumbing or something was making noises every 5 to 10 minutes all night long. If I had it to do all over again, I would not have stayed somewhere else.
