The village core around the Plaza de los Ángeles has the classic mountain hotels and the best kitchens. Toward the reservoir adds water views and evening calm. Sleeping at the pass itself is possible but spartan — the village-plus-morning-drive pattern serves most visitors better.
Navacerrada lists around 15 bookable hotels and guesthouses, from roughly €50/night. Prices on the area page are live; booking 3–6 weeks out usually lands the best rate, with free cancellation on most rooms.
If it books out or you want to compare: Cercedilla (from €45/night), Manzanares el Real (from €48/night), Rascafría (from €46/night) — each with its own area guide on this site.
Curated picks are coming — meanwhile, the live search covers every bookable property at the same price or better.