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The ultimate budget hostel, Industriepalast provides great value for very little money, and it enjoys a central location in Friedrichshain.
The hostel is designed to be functional and fun, so as well as the usual facilities such as wi-fi and city information, it has pool, table football and table tennis tables for guests. The rooms are nothing flash, but very well-maintained and secure. Having said that, the location is such that you will probably be tempted to see more and party more in Berlin than you had planned - so you probably won't see an awful lot of the beds.
Editor & Berlin Local