Spent my first two nites in country there.
www.hostelpangea.com
I will say this: Having the shuttle from the Airport to the hostel was the major draw for me. Additionally, the amenities (free Web, TV room, kitchen, lockers, and new facility were draws.)
Negatives?
The location sucks. Big time. On the border of the infamous Coca Cola district in Barrio Amon. This is a rough barrio- we lost count of the hookers on the corners on the way in. On top of this, i couldn't help but think that I was really crazy when we pulled up and there was a tiny sign and a 20 ft tall razor-wire topped wall out front.
But, inside, there are murals everywhere. The front counter folks are pretty slick. If you need a cab, they don't mind calling you one.
Rooms are a bit pricey- I paid $10 for a dorm. But this included not having a curfew, and 100% access to all facilities (except the bar/soda on the roof) at all times. Bar closed at 12am. So make sure you get your casado or Imperial-weiser before then!
Stunning views from the roof, BTW.
Additionally, this is the NEW Pangea. the old one is about 3 or so blocks away, and you do not wanna get dropped off there at night. Make sure when you book you ask them to clarify. For that matter, if you are taking a cab, Pangea Nuevo is your destination.