So they did in fact open a hostel right above us at Somnio. My feelings are mixed. I think competition and new business in Barcelona can't be a bad thing, but on the other hand, they've already caused us quite a few headaches. They issue all of their guests keys and don't have a 24 hour receptionist which bring up a number of safety issues. Additionally, one of their bathrooms leaked through our ceiling into a guest room. Because it was the middle of the night, they accommodated the guest upstairs but then tried to steal the rest of their reservation. On top of it, they don't have insurance so I'm not sure we'll see the repair money for our ceiling. Overall it irks me that we try to do everything legally and correctly, but we could make a lot more money and have much less headache if we just opened some unlicensed cowboy hostel. I'd like to think ours is a better long term plan.