We loved this hostel! We were naturally a little apprehensive to staying in a hostel but felt super safe the whole time. At midnight one night we went to play football walking through the back streets and ended up playing until 3am with the locals. Great fun. There is a very nice community spirit here. It takes about 30 mins by bus to get to Copacabana, try to avoid rush hour because it can take 90 mins, so plan well. Only negative about the hostel - unnecessarily loud music in the evenings...
All in all it was a good stay. Some hostels are just a place to stay and during the World Cup this place served nicely. I liked the location - Botafogo is quiet and safe. Copacabana beach (Leme end) is only a 20-30-minute walk (through the tunnel) or a 5-minute bus ride. If you're looking for a bed and won't spend much time hanging in the hostel, this is perfect :) Taxi drivers don't know where this street is though and there is another similarly named so ask for Alvaro Ramos.
Nice hostel, nice staff, most importantly very nice breakfast! :) Difficult to comment on value as I stayed during the World Cup so prices are naturally inflated. Location is good, there are other hostels which are in the middle of the Pelourinho but this hostel is tucked only a few minutes walk away in a quieter area - I consider this to be very positive.
I was a bit annoyed that a group of travellers in the hostel were up drinking until 3-4am, not just drinking but screaming and making loads of unnecessary noise - the dorms are right next to the common areas and it kept me awake all night. I was unwell so didn't have the energy to get out of my top bunk to shout at the yanquis making the noise but I think the hostel also have a responsibility to make sure people show respect for others, especially after midnight.
Enjoyed my stay here. I thought the activities they had on offer were great, and good value too (according to the other guests who had researched alternative companies). The tents were a good solution to add more beds, BUT they got so hot during the day (in January) it wasn't possible to have a snooze, something I often need when rushing around a new, hot town! Maybe the hostel can make some air vents for the tents?