We recently visited Wellington to attend the World of Wearable Arts show, and were looking for reasonably priced accommodation that was convenient walking distance to the waterfront TSB Bank Arena, Cuba
Street etc. As the prices for most accommodation had skyrocketed for the weekend we were looking for something that was clean and comfortable and fit our budget, so decided on Downtown.
The building itself is an older art deco hotel that has been converted into a backpackers/hostel, and I think they did a really good job of it.
This place has character, the staff are friendly and helpful, and they are in the process of a renovation, so a lot of the rooms and bathrooms have been freshly upgraded. (We got one of the Supreme doubles with ensuite -- nice, comfortable and quiet). They also have an attached bar/café on the first floor, convenient and with good food.
Highly recommended if you're looking for something clean, reasonably priced and convenient.