Cheap and chic in the city. Y Hotel Sydney is one of Sydney best budget hotels offering backpacker, budget and deluxe style accommodation all at affordable prices. The YWCA's Y Hotel Sydney is renowned for its fantastic city location, safety, clean and stylish rooms. Ideally located in the hip part of town opposite Hyde Park and Oxford Street, the Hotel is surrounded by everything you would want including great shops, cafes, cheap eats, bars, olympic pool, gym, jogging track, parks, gardens and galleries. You can't go past it for value.