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The Pensão Londres offers Old World European charm at budget-friendly prices, along with some spectacular views of the city's rooftops. Plus, the location is pleasant: there are a few cute boutiques in the surrounding buildings and plenty of restaurants and bars down the street.
Rooms, decorated with attractive wood furniture and frilly curtains, come in a number of combinations: with bidet only, with a shower, and with a full en suite bathroom. High ceilings make them feel less cramped, and large windows let in some fantastic breezes. (You'll appreciate this during the summer, as there's no AC.)
Many rooms open onto rod-iron balconies; those on the fourth floor have the prized views. Obviously it will be quieter on the back side of the building than on Rua Dom Pedro V, a wide, somewhat busy thoroughfare. But you won't see the city stretching out before you.
Pensão Londres occupies floors 1-4 of an attractive building with an azueljo-lined entrance. Although there is an elevator, you must walk up 10 steps from the street level to reach it. Security cameras keep watch over the floors and entryway.
The Pensão Globo, a slightly more basic Cheapo charmer, is just around the corner.
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