One way or another sounds like a party.
I don't think those are different. The dormitory room, yes, you would share with other guests. I have stayed in one of their (mixed) dormitory rooms before, there was a large lockers for your possessions if you're concerned about valuables (bring your own padlock). It would fit a medium size suitcase easily enough. The beds are bunk beds but very sturdy and comfortable. It's more comfortable and nicer than a typical hostel dorm room.
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