We stayed in Artrip for 7 nights recently and had a great time. Miguel (the owner) and his reception staff were so friendly and helpful and did their best to answer our queries. They only have 17 rooms, so are able to give guests a personal service that you wouldn't get in a larger hotel. We loved the way the rooms have been tastefully refurbished and modernised. The breakfast was amazing and great value! Artrip is centrally located (near Lavapies metro) and is a short walk to most sites, but is away from the busy central area. There are some good restaurants and tapas bars near bye. On our next trip to Madrid, this will be our number 1 choice!
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