The location is a little out of centre near 'Statistika', but if you need a combination of high-quality accommodation, budget prices and a place to park a vehicle (limited spaces), this surprisingly swish new place is potentially a very good option.
The dorms, some of Baku's best, have lamps, power sockets and locker-drawers, and the hostel section has a shared kitchen and washing machine. The hotel rooms are comfortably contemporary and the surrounding area is full of restaurants and bars.
Note that this is not the same as Baku's 'Home Hostel'.