The only thing about Hostels is that you have to live by their rules. If they say you have to be back 11pm then a lot of the older people (what are your ages btw?) won't be able to go to bars or clubs.
If you go to a Hotel I can help pay for a bit of it. However we need somebody with a credit card for the deposit / use of phones, etc. I learned the hard way in California xD
Anyway, however you do things, I'll be hanging out with you guys all weekend until I can't follow xD
/stalks you >:DDD