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.

Slideshow: Wayfarer Hostel Booking Up Fast in Santa Barbara's Funk Zone with $59. Rates

POSTED: 06:29 PM PDT Aug 15, 2014    UPDATED: 05:48 PM PDT Aug 18, 2014 
It's not a hotel, but the upper scale hostel is exactly what some visitors have been looking for

The new Wayfarer hostel in Santa Barbara quietly opened over the weekend but it was no secret to the smart traveler.  It's filling up fast with rates a fraction of the cost of nearby hotels.

1 / 9