Concierge.com's insider take:
This impossibly cute little red "guest house" on a colorful and quiet side street in Palermo Soho is a great (and inexpensive) find. The minimalist decor matches the minimal tariffs, making the traditional Palermo home with its small courtyard a favorite of both the bohemian and backpacking crowds. Three of the nine rooms have private bathrooms, and some don't, but all are functional and spotless, including the Romper Room-like attic accommodation (the keepers of Che Lulu like to call it a "pop Eastern space") known as Tres Geishas. The young staff is friendly and informed, and the breakfast—coffee, medialunas (croissants), and dulce de leche—is excellent.