Set back 100m from the Gran Via, Madrid's cultural and shopping artery, this guesthouse couldn't be closer to the centre of the action. A pair of sturdy legs will take you from here to everywhere you want to go in central Madrid and back again. For the less energetic, it's two minutes from the Callao metro station.
The excellent location comes at a price, of course. The district can be noisy, and working girls ply their trade around the entrance. The hotel's on the third floor - though there is a working lift.
My room had an ensuite shower/bath/wash basin, but toilets were shared. The decor is dated but the bed was comfortable and the room and shared areas were clean.
If you're looking to impress a partner, spend a long time in your room, or like to be surounded by pretty things, go elsewhere, but if you are looking for budget accommodation and a safe place to base yourself in the heart of the city for a short trip, the Concepion Arenal could be for you.
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