I spent there only one night, but I think it will be my first option when visiting Madrid. It is located 2 minutes away from Calle Arenal, but in a super quiet square, so your rest is guaranteed. From here you can walk anywhere you like day and night.
It is all in perfect conditions and with sort of old-times touch, but it would be much better with a bit of updating the bathroom.
I will defenitely come back if I get a decent rate (this time I paid 65€ for single room without breakfast, which I find ok).
- Free Wifi