Cheap hotels near Paradeplatz in Zurich, Switzerland

Sometimes called the “heartland of banking,” the Paradeplatz (“Parade Square”) is a square located along the upscale Bahnhofstrasse thoroughfare. The “platz” is within easy walking distance of the Fraumünster and a host of other sights. Several tram lines stop here making it a great meeting point.

In the 17th-century, Paradeplatz was a market square serving pig farmers who brought their swine out to be sold here. Back in the day too, horse-drawn trams (precursors to the trams you see buzzing around town today) circled through here. Today you’ll find two of the world’s major banks headquartered here. Credit Suisse sits on the north side of the square while UBS is at its western edge.

Also worth checking out? The nearby Savoy Hotel, and the famous Sprungli chocolate shop and cafe has its flagship on the Bahnhofstrasse.

Fun fact: To mark the beginning of spring, the Burning Snowman Festival (Sechseläuten) takes place in the Paradeplatz each April. The fest culminates in Bellevue Square with the spectacle of an exploding (burning) snowman!

Cheap hotels near Paradeplatz: Most hotels we list below are located a quick walk across the river in Altstadt. These range from hostels to two-star hotels and guesthouses. More affordable properties can be found nearby around Langstrasse.

Editor's Pick
City Backpacker - Hostel Biber, Zurich

Address Niederdorfstrasse 5 (Altstadt)

EuroCheapo Review: It's quite basic, but the inexpensive City Backpacker Hostel Biber is located smack in the heart of Zurich.... read review

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Hotel Otter, Zurich

Address Oberdorfstrasse 7 (Altstadt)

Quick Read: The two-star Hotel Otter offers 16 uniquely decorated rooms with shared baths, right in the heart of Old Town.... read review

7.5 Guest Rating

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Editor's Pick
Alexander Guesthouse, Zurich

Address Zähringerstr 16 (Altstadt)

EuroCheapo Review: The two-star Alexander Guesthouse offers 20 simple rooms and a fabulous location in the heart of Old Town. ... read review

7.9 Guest Rating

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Editor's Pick
Hotel Marta, Zurich

Address Zähringerstrasse 36 (Altstadt)

EuroCheapo Review: The two-star Hotel Marta offers 39 basic, recently refurbished rooms in the heart of Old Town. Its rates are on the higher end of the EuroCheapo spectrum, but still reasonable for Zurich—worth it for the prime location.... read review

8.0 Guest Rating

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Leonardo Boutique Hotel Rigihof Zurich, Zurich

Address Universitätsstrasse 101 (Hottingen)

Quick Read: The Leonardo Boutique Hotel Rigihof Zurich is a four-star property, located in Zurich’s university quarter, that sometimes offers decent deals on room rates.... read review

7.4 Guest Rating

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