The other day, Laure's post about what to do if you don't have a guest room, brought out a bunch of great ideas. Here's another one we saw recently at IKEA. The ODDA guest bed is sort of a modified pull-out couch. But instead of pulling out the couch, you actually flip it open...
In it's closed position, thow on some pillows and it acts as convenient extra seating. And then flip it open to be a small bed. There's even pull out storage underneath. 
We're not exactly loving the black and white color option, but that could easily be reupholstered with a different fabric. Does anyone have this piece in their home? More specs here.
Do you guys have any other recommendations on convertible type furniture pieces?
I haven't seen this actual item, but I love the idea. IMO, it's a great alternative to a daybed for an office that doubles as a guest room. I'll have to check it out the next time that I'm at Ikea.
view ami's profile
I love the idea too! I've seen something similar, but as an ottoman that flipped open to reveal a twin bed pullout, similar to a sleeper sofa, inside. There's lots of versions of it if you search "ottoman guest bed" and I find this one not so offensive...
http://www.amazon.com/gp/product/B000VQZFWQ
view renee c.f.'s profile
I love this! It would be great in the corner of a room with some big throw pillows on it. Perhaps a good place to sit and read :)
view blogazar's profile
Huh, that's an interesting piece. Not sure it's be so great to sleep on, but it looks like it'd make for some extra seating when entertaining.
view sparkle's profile
It's cool as a bench, ugly as a chair.
view Lisa Hunter's profile
renee:
The ottoman/bed you found looks good overall, but it's a bit misleading. They call it an "ottoman/twin guest bed", but the actual bed is only 27" x 73", MUCH smaller than an actual twin bed.
view Daily Nuance's profile
We've had the LYCKSELE chair bed from Ikea for a year now and it is still pretty sturdy, having been slept on by various friends/family. Think the current chair cover offerings by Ikea aren't that attractive but we got it with the red chair cover (for $5!) which is pretty cute! It's currently unfolded in our living room as a daybed/extra seating cos the parentals are visiting. For $150, I would say it's a pretty good addition to the living room furniture!
view ssbmp's profile
hmmm it would be great under the window as a window seat . . . definitely reupholstered, though.
view judie's profile
Great idea. I love all of these solutions. Available to accommodate the true emergency overnight guest, but not so comfortable that they want to stay a second night.
view quiltmaster's profile