Pros (+) Lovely "hostel" type location, but with individual rooms and bathrooms, if needed. In a great part of the city, close to the waterfront and the Rambla, with lots of entertainment close by. Very basic rooms, but clean and very helpful staff. Literally steps away from food and drink.
Cons (-) The area is very loud at night and if you are light sleeper, you might have problems. I fortunately was ok with the revelry outside.