Looks like a couch! Transforms into bunk bed.... pretty neat (and neat)!
Check out this innovation for small spaces. I love to have house guests, we have a trundle bed but it is a pain to move things when we pull out the lower bed. This might be great for any den, kid's room, or vacation home (or how about my new obsession with tiny homes, popular on HGTV - so far from my reality but it is always fun to dream!)
Check out more compact living solutions from DOC in the UK