WakeUp Copenhagen is a hotel that is priced reasonably. It is only a 10 minutes walk away from Copenhagen Central Station. Alternatively, you can get a bus (1 stop) which will bring you closer to the hotel and cut the walking time by 5 minutes. A standard room is relatively small but it is still cosy and comfortable. However, the location is really prime as there Bus 66 takes you to almost any and every Copenhagen attractions from the hotel. Lounge areas and dining are also available.
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