This is the cheapest hotel that I could find in this neighborhood. As already has been mentioned the location is great. Could be easily reached by metro from the airport (gran via station located in about 50 meters from the hotel). There is an elevator in the building, so no worry about the stairs. The room is clean, seems to... More

Stayed there for three nights in two rooms for my family. They have an elevator and the same building has another hostal along with privately owned units. No A/C but had fans. My son enjoyed watching Disney Channel-Spain. Funny watching Phineas and Ferb. We arrived as WYD started. Went to my son's room to see all the youth walking and... More

Stumbled into the Pereda after my flight into Madrid; the price was decent for 2 people and the room was clean and comfortable, the building secure (you have to buzz in from the stairwell and buzz into the building at night. Location is great; right next to the Gran Via Metro stop. However, the Gran Via can get loud at... More

Was about what we expected. Right on the central bit of Gran Via. Easy to get anywhere. Room was clean even though it was a bit "worn" (Like me really). Saved us about £100 based on the accommodation our friends were staying at a couple of blocks away. Had a balcony overlooking the GranVia. Only drawback was the hot water... More

We went for a 5 day break to Madrid. Having been before and stayed with family we were lucky to know where most things were and what to do. Hostal Pereda is in a perfect location right on Gran Via meaning you could walk to most places if you wanted to. (The metro station is right outside though which means... More

This is a pretty quaint place - the rooms remind me of staying at my Grandma's place which is not necessarliy a bad thing! They're clean enough, have attached bathroom with hot water, and some rooms have a small balcony which opens out right onto Gran Via! So a brilliant location. If you're a light sleeper the street noise might... More

The hostel is noisy because it is on the Gran Via, but if you walked all day, you will sleep anyway. The location was fantastic. The room old, but had a nostalgic charm. The staff were very friendly, only the breakfast was not good, I recommend that you go out for your breakfast, there are places nearby where you can... More

Since I discovered this quaint, and wonderful small hostal I have been a constant visitor, since 2000! THe people are friendly, humble, and very courteous. The adventure of getting in a cage elevator, then entering your small modest room with a view of the Gran Via --that is, if you have the chance and opportunity to be on the top... More

Just a few steps from Gran Via Metro, Hostal Pereda was a pleasent budget surprise in the very center of Madrids' wonderfully busy places. Updated, clean, secure, and comfortable; yet compact rooms, my wife and I had no noise, or any other, problem. Breakfast in house was handy, staff pleasant and helpful. Will return.