Yes, most hotel room reservations are fully refundable if cancelled prior to the accommodation's cancellation deadline, which in most cases is within 24 or 48 hours of your arrival date. If you booked a non-refundable reservation, it might still be possible to cancel it and get a refund within 24 hours of booking. Plug in your dates, click on "Search", then you can use the "fully refundable" filter to review the best deals available in Vila da Penha.