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From44US$ /night
Check-in
04Mar2026Select date
Check-out
05Mar2026Select date
Rooms and Guests2 Guests, 1 Room
Key details

About the Hotel

Bankastraeti 7, Reykjavik, Iceland, 101
-
Close to the city center
Great
8.5
/10
4.4
4.4
/5

Location

Loft - Hi Eco Hostel is located on Reykjavík's main shopping street, providing immediate access to the city's attractions. Visitors can easily explore nearby sites, including Hallgrímskirkja Church and Harpa Concert Hall. The bus stop for local excursions is conveniently around the corner, making it an ideal base.

Sustainability Practices

The hostel serves as a leader in sustainable travel, holding the SWAN Nordic Sustainability Eco-label. It actively offsets guest stays through tree planting initiatives, contributing to the reforestation efforts in Iceland. Loft - Hi Eco Hostel minimizes environmental impact by using eco-labeled products and recycling practices.

Social Hub

Popular among both locals and travelers, Loft boasts a vibrant rooftop terrace and bar that is highly regarded for its social atmosphere. The hotel regularly organizes live music, karaoke nights, and food pop-ups for guest entertainment. This venue enhances the social experience, facilitating interaction among guests.

Room Options

Loft - Hi Eco Hostel provides a variety of room configurations, including shared dorms and private accommodations for different group sizes. Children over 12 years can share rooms with guardians, allowing families to stay together comfortably. All accommodations meet high standards of comfort and sustainability.

Dining Options

Guests can enjoy culinary experiences at nearby food halls, like Hlemmur and Grandi Food Hall, which offer a diverse range of local foods. The hostel's on-site bar adds further convenience by providing snacks and beverages, ensuring guests have options close at hand. Local ingredients are a highlight, promoting Icelandic culture and flavors.

Highlights

Location: Reykjavík's main shopping street .

Sustainability: SWAN Nordic Sustainability Eco-label .

Social Hub: Rooftop terrace and bar .

Entertainment: Live music and food pop-ups .

Room Options: Shared dorms and private accommodations .

“This place lands you right in the city center, handy for hopping on a bus or exploring on foot. I noticed some past guests found the rooms a bit spartan, but the lounge, complete with books and games, felt like a real social hub. It seems like a solid base if you prioritize location and meeting fellow travelers over pristine facilities.”
Hotel logo
James DavidEditor-in-Chief at Tohotel
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Select your room type

Loft - Hi Eco Hostel offers a variety of rooms including double rooms, family rooms, and suites with breakfast, free cancelations, and special deals
Double Room Private Bathroom
2 persons
110 sq. feet 
1 Single Bed or 1 Double Bed
Shower
Heating
Twin Room Private Bathroom
2 persons
110 sq. feet 
2 Single beds
Shower
Heating
Superior Double Room Private Bathroom
2 persons
205 sq. feet 
1 King-size bed
Shower
Heating
Quadruple Room Private Bathroom
2 persons
230 sq. feet 
1 Bunk bed
Shower
Heating
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Facilities

Loft - Hi Eco Hostel offers amenities for your comfortable stay and unforgettable experiences
Facilities: Great
8.4/10Review score

General

  • No smoking on site
  • Wi-Fi
  • VIP check-in/ -out
  • Express check-in/ -out
  • No pets allowed
  • Rooms/ Facilities for disabled
  • 24-hour security
  • Luggage storage
  • Locker room
  • Lift
  • Coffee shop
  • Smoke detectors
  • Fire extinguishers

Guest Parking

  • Shared kitchen

Services

  • Pet amenities available
  • Housekeeping
  • Welcome drink
  • Happy hour

Dining

  • Snack bar
  • Bar/ Lounge area

Children

  • Board games

Spa & Leisure

  • Karaoke
  • Live entertainment
  • Sun terrace
  • Leisure/ TV room

Room features

  • Air conditioning
  • Heating
  • Terrace
  • Garden furniture

Self-catering

  • Shared kitchen

Room decor

  • Carpeted floor
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Loft - Hi Eco Hostel Location

Bankastraeti 7, Reykjavik, Iceland, 101
Map view
Bankastraeti 7, Reykjavik, Iceland, 101
Nearby
Museum
The Settlement Exhibition
1700 ft
Event hall
Harpa Concert Hall and Conference Centre
2000 ft
Market
Kolaportith
1500 ft
Public Building
Rathhus
1700 ft
Mall
Laugavegur
1400 ft
Tjörnin 101
Lake Tjornin
1600 ft
Museum
Reykjavik Museum of Photography
1800 ft
Museum
The Icelandic Punk Museum
400 ft
Park
Austurvollur Square
1100 ft
Museum
National Museum
1400 ft
Museum
Reykjavik Art Museum Hafnarhus
1700 ft
Public Building
The Parliament House
1200 ft
Public Building
The Culture House
600 ft
Restaurants
101 Reykjavik Street Food
200 ft
Ingolfsstraeti 2
Baejarins Beztu Pylsur
1100 ft
1 Tryggvagata
Tommi's Burger Joint
100 ft
Bankastraeti 5
Eldur and Is
300 ft
Skolavoerdustigur 2
Den Danske Kro
200 ft
Ingolfsstraeti 3
Subway
200 ft
Bankastreati 14
Kigali Kaffi
300 ft
Ingolfsstraeti 8
Nudluskalin
400 ft
Skolavoerdustigur 8
Explore Reykjavik
Local Highlights
Top Attractions
Activities
Dining
Entertainment
Hallgrimskirkja
8 minutes' walk
Iconic church known for its unique architecture and stunning views from the top. Free admission to the church, fees for the tower.
The Sun Voyager
11 minutes' walk
A striking sculpture symbolizing exploration and discovery, located by the waterfront, perfect for photos.
Harpa Concert Hall
8 minutes' walk
A stunning concert venue famous for its glass facade. Holds frequent concerts and events, including free tours of the building.
Kolaportith Flea Market
6 minutes' walk
Reykjavik's largest flea market offering local food, vintage items, and crafts. Best visits on weekends.
Whale Watching
19 minutes' walk
Adventurous boat trips to see whales in their natural habitat. Tours usually depart from the Old Harbour.
Relaxing at Vesturbaejarlaug Pool
20 minutes' walk
A tranquil public swimming pool offering hot tubs and steam rooms, great for relaxation after a day's exploration.
101 Reykjavik Street Food
1 minute' walk
Casual eatery featuring hearty Icelandic street food. Specialties include fish and lamb dishes served in a cozy setting.
Baejarins Beztu Pylsur
4 minutes' walk
Famed hot dog stand known for its classic Icelandic hot dogs topped with a variety of sauces and toppings.
Harpa Concert Hall
8 minutes' walk
A premier venue for concerts with a vibrant atmosphere, featuring jazz nights and orchestral performances regularly.
Kiki Queer Bar
10 minutes' walk
A lively bar with a fun atmosphere, popular for its themed nights and drag shows, welcoming all ages.
Getting around
City Centre
Reykjavik5 min  ·  1400 ft
Airports
Reykjavik Airport (RKV)32 min  ·  1.6 mi
Keflavik International Airport (KEF)77 min  ·  31.7 mi
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Property information and rules
Check-in
from 15:00-23:59
Check-out
until 11 am
Guest Parking
No parking available.
Internet
Wireless internet is available in for free.
Children & extra beds
There are no cots provided in a room. 
Pets
Pets are not allowed.
Languages
English, Spanish, Swedish, Danish, Polish, Greek, Icelandic
Number of floors:
4
Number of rooms:
87
Former name
Loft Hostel

Reviews and Ratings

Feedback about Loft - Hi Eco Hostel from previous guests about their experience.
Review score
Based on 680 verified reviews
8.4/10
Great
88%
Recommend
Breakfast
7.5/10
Cleanliness
8.5/10
Comfort
8.5/10
Facilities
8.4/10
Free Wi-Fi
8.4/10
Location
9.7/10
Paid Wi-Fi
6.9/10
Staff
8.9/10
Value for money
8.4/10
Pros
Central location
Comfy beds
Helpful staff
Excellent kitchen
Cons
Noisy entrance
Noisy roommates
No privacy
No breakfast
Guest reviews
based on 1774 reviews
8.5/10
No reviews yet on our siteUnfortunately, our guests have not yet left any reviews for this hotel, but you can read reviews from Booking.com.
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Questions of the users
About Loft - Hi Eco Hostel
What kind of public transport options are available to reach the hostel from Keflavik Airport?
10 December 2024
Flybus provides a shuttle service from Keflavik Airport based on flight arrivals. After approximately 45 minutes, it drops passengers off at Bus Stop 6, conveniently located near the hostel. For late-night arrivals, a call button at the entrance will connect guests with the night guard, who will assist with entry.
Can you tell me about the breakfast offerings at the hostel?
15 January 2025
Loft provides a buffet breakfast featuring a variety of locally sourced and organic items. Typical offerings include vegan croissants, breads, Icelandic butter, cheeses, hummus, organic hard-boiled eggs, fresh fruits, and various beverages such as coffee and juice. Breakfast is served daily from 07:00 to 10:00 for a price of 1,350 ISK.
What options are there for airport transfers from the hostel to Keflavik Airport?
22 March 2024
For airport transfers, guests can choose either Flybus or Airport Express, both of which provide convenient pick-up and drop-off locations close to the hostel.
Does the hostel provide any luggage storage services?
30 April 2024
The hostel offers complimentary same-day luggage storage as well as longer-term storage for a nominal fee.
Is it generally quiet at night in the area surrounding the hostel?
14 May 2024
Due to its central location near Laugavegur, the hostel may experience noise on Friday and Saturday nights, especially since local bars and clubs often remain open until 04:30.
Are bed linens and towels provided during stays?
20 June 2024
The cost of accommodation includes bed linens, while towels can be rented for 500 ISK if needed.
Can I secure my belongings in the hostel dorms?
5 July 2024
Each bed in the shared dorms comes with a designated locker. It's necessary to bring your own padlock, but locks can also be purchased at the reception.
Is there any parking available near the hostel?
27 August 2024
The hostel does not have its own parking, but there are public parking spaces nearby, including an underground parking garage on Hverfisgata, just a street away.
Are there rooms accessible for wheelchair users?
9 September 2024
While the hostel is generally accessible, the bathrooms in double rooms may not meet the needs of wheelchair users due to size constraints. Guests can contact the hostel to explore accommodation options that better suit their needs.
Do you offer female-only dormitory options?
18 October 2024
Yes, there are four six-bed dormitories designated exclusively for female guests.
Can guests book guided tours through the hostel?
1 November 2024
Guided ring tours ranging from 5 to 8 days are available for booking. Interested guests are encouraged to reach out directly for more details and arrangements.

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