Hotel Fron is a great hotel located on Reykjavik's main shopping street, Laugavegur. It is within walking distance of all the great restaurants, cafes, stores of Reykjavik. This is a great place to stay if you are going to be hitting the nightlife of Reykjavik as you are a simple walk away from your hotel at all times.
We rented an apartment which had separate bedroom with 2 single beds and a sofa bed in the living room. The room comfortably held 3 people. The staff were great and very accomodating to any requests we had.