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Hotels · Capital Region, Reykjavik

Apotek Hotel by Keahotels

  • PriceISK 32,000-55,000 (~$256-440) per night, indicative double room
  • CategoryLuxury
  • Rating★ 4.0

Apotek Hotel by Keahotels occupies a historic pharmacy building at Austurstræti 16, at the junction of Austurstræti and Pósthússtræti in central Reykjavik, Iceland. The address sits beside Austurvöllur square, the Alþingi parliament building and the cathedral, and a few minutes' walk from the harbour, Harpa and the shops of Laugavegur. The building's former life as the city's old pharmacy is reflected in the hotel's name and boutique character, and its interiors mix preserved architecture with contemporary Nordic design.

Boutique hotel in a historic pharmacy building at the junction of Austurstræti and Pósthússtræti.

Apotek Hotel by Keahotels occupies a historic pharmacy building at Austurstræti 16, at the junction of Austurstræti and Pósthússtræti in central Reykjavik, Iceland. The address sits beside Austurvöllur square, the Alþingi parliament building and the cathedral, and a few minutes' walk from the harbour, Harpa and the shops of Laugavegur. The building's former life as the city's old pharmacy is reflected in the hotel's name and boutique character, and its interiors mix preserved architecture with contemporary Nordic design. Keahotels is one of Iceland's largest domestic hotel groups, and Apotek is its upper-end city-centre property, classed as a four-star boutique hotel with indicative double-room rates of about ISK 32,000 to 55,000 per night. Room types include Standard Rooms, Superior Rooms and Suites, generally compact but well fitted with Wi-Fi, comfortable beds and modern bathrooms, which suits short urban stays. The hotel lists a restaurant, a bar, a gym and Wi-Fi among its amenities. The ground-floor restaurant and bar are a draw in their own right for visitors and locals, serving Icelandic-influenced menus and cocktails, and the central square outside hosts events and cafes through the year. Breakfast is a standard part of many stays and is typically served in the dining area. Service is smart but relaxed, with a concierge-style front desk that can arrange tours, restaurant bookings and airport transfers; the style suits couples, business travellers and anyone who wants to be at the centre of the old town. Because the hotel is on one of the busiest corners of central Reykjavik, evenings can be lively, especially on Friday and Saturday. Summer brings long daylight hours and high prices, while the darker months offer aurora tours departing from the city and reduced rates. Visitors typically spend two to four nights here, using the hotel as a base for walking the old town, visiting nearby museums and joining day tours to the Golden Circle, the South Coast or the Reykjanes peninsula, returning each evening to the square.

Practical information for Apotek Hotel by Keahotels · Last updated September 2026
Price ISK 32,000-55,000 (~$256-440) per night, indicative double room
Address Austurstræti 16, 101 Reykjavik

Room types

  • Standard Room
  • Superior Room
  • Suite

Amenities

  • Restaurant
  • Bar
  • Wi-Fi
  • Gym

Location

Austurstræti 16, 101 Reykjavik

64.1477, -21.9413 View on map

Highlights

  • Boutique hotel in a former pharmacy building
  • Corner site at Austurstræti and Pósthússtræti by Austurvöllur
  • Restaurant and bar on the ground floor
  • Walkable to the harbour, Harpa and Laugavegur
  • Part of the Icelandic Keahotels group

Tips for visiting

  • Weekend evenings are lively on Austurstræti, so ask for a quieter room on an upper floor.
  • Reserve the restaurant ahead on Friday and Saturday evenings.
  • Book early for summer and for the New Year period when rates peak.
  • Most central attractions are within walking distance, so a rental car is rarely needed.
  • Check Keahotels' own site for package rates against third-party prices.

When to visit

Visit in summer for long daylight and street life on Austurvöllur, or between October and March for aurora trips and lower prices.

Accessibility

Historic building conversions can have constraints, so visitors with reduced mobility should confirm lift access and adapted rooms directly with the hotel before booking. The surrounding old-town streets are flat and paved.

Frequently asked questions

Where is Apotek Hotel located?

It is at Austurstræti 16, 101 Reykjavik, next to Austurvöllur square in the old town.

Why is it called Apotek?

The hotel occupies a historic building that once housed a pharmacy, and the name is the Icelandic and Scandinavian word for pharmacy.

Does the hotel have a restaurant and bar?

Yes. A restaurant and bar are listed among the on-site amenities, alongside a gym and Wi-Fi.

What is the typical price?

Indicative double-room prices run from about ISK 32,000 to 55,000 per night depending on the season.

Ready to book

Apotek Hotel by Keahotels

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