The Breakwater Lodge’s location, partly within the walls of the old Breakwater prison, a building also shared with the University of Cape Town’s Business School, gives it a wonderful mix of history (prisoners’ graffiti can still be seen on the walls) and vibrant youth, with students bustling from class to class. The rooms are simple, modern and functional, and you will struggle to find a better-priced hotel where you can walk into the V&A Waterfront in a matter of moments.