The Wayfarer Hostel welcomes guests this weekend at its new location in the Santa Barbara "Funk Zone."
It's located at the corner of Montecito and Helena streets.
The Wayfarer has 31 shared or individual rooms, a pool that over looks State Street and it's near the beach.
The first rooms will be available on Sunday.
Rates range from $59 to $215 dollars a night.
Newschannel 3 will get an exclusive tour on Monday and check back for a follow up story.