The Hostel Pereda is a family-run property, overlooking the Gran Via in the heart of historic Madrid. It houses 32 clean and comfortable guestrooms, decorated in soothing neutral tones with dark wood furniture. All of them have central heating and private bathrooms with shower/tub. In addition the hostel has a bar and a pleasant dining room where Comtomemtal breakfast is served daily. Visitors are offered access to the property 24 hours a day with no curfew imposed. Long term luggage storage is also provided and is free of charge.