If you need just a place to sleep but not a place to lounge during the day, this is an okay spot. Be ready to have to share the common areas (such as the kitchen, the dining area and the lavatories) with others. And while the loft is also okay, be prepared: you'll be able to hear anyone staying in the downstairs living room area. If they snore loudly, that can wake you up late at night and make it hard to go back to sleep.