The Best Prices in the City Centre

In the Spanish capital, you can get great rates for a central location by staying in a youth hostel or pensione. The Hostal Santillan (2-star), set right upon the bustling Gran Via with private doubles from £40 a night, or the Hostal Enebral (1-star) with clean, “standard” doubles close to the Chueca and Malasana neighbourhoods that start at a very affordable £25, are both well regarded in this category.

Mid-range Hotels in the Heart of the Action

Five addresses in the mid-range category have caught our attention. First of all, the Hotel Ganivet (3-star) benefits from an advantageous location in the historic centre, near to the Puerta de Toledo and the Plaza Major. Its rooms are described as being bright, clean and comfortable – those on the top floor even feature terraces with views over the rooftops. Starting at a competitive £50, guests the rates highly reasonable for the quality of the accommodation. In the same price range (from £57), the Hotel Regina is also admired for its location near the Puerta Del Sol, which puts most of the city’s major attractions within walking distance. Guests weren’t disappointed with the newly renovated rooms, ten of which benefit from a terrace with picturesque views across the city. The Hotel Preciados VIP, which is located on a major shopping street just five minutes away from the Plaza Major and the Puerta Del Sol, has earned itself a good reputation for its fresh, comfortable beds and clean rooms, all of which have access to a private balcony. A double room in this 4-star establishment starts at £105. Offering a level of quality that surpasses the vast majority of hotels in the 2-star category, the Francisco I was entirely renovated in 2011, when the tired décor was replaced by slick interior design and modern, efficient bathroom suites. The size of the rooms also seems generous for this category and the location on a pleasant pedestrianized shopping street just 250 metres from the Plaza Major and the Puerta Del Sol. There is no internet connection available, which seems to put off the business crowd, but most guests are completely satisfied with the value for money (from £40) offered by this hotel. Lastly, booking in at the Apartosuites Jardines de Sabatini has proven to be a particularly practical choice for families as the 56 studios are equipped with a small kitchen. These apartments can work out to be highly advantageous price-wise, with rates around £78 for a two-person studio and £130 for a four-person.

Luxury Hotels in Prime Locations

Among the luxury hotels of central Madrid, the Urban Hotel and the Hotel NH Palacio de Tepa, both located a stone’s throw from the Puerta Del Sol, score highly in the customer reviews. The Urban Hotel – which houses the Egyptian Museum and a permanent exhibition of Papa New Guinea artwork – distinguishes itself by its unique architecture that makes use of copper, stone and glass to create an avant-gardist space. The rooms, described as magnificent, mix rich textiles, contemporary furniture and original ethnic artworks. A fitness centre, hammam and rooftop terrace with a modest but refreshing pool complete the experience. Rates start at around £150 for a double. In a similar contemporary design spirit, but at a considerably lower cost (from £110), the NH Palacio De Tepa  has received near-unanimous commendations from its guests who were completely seduced by the historical building and luxurious rooms. Each room features a balcony, parquet flooring, modern stream-lined furniture and a clear colour scheme. The only hitch is the lack of a pool. Another big favourite in the forums is the Only You Hotel & Lounge Madrid (from £155). Located in the hip neighbourhood of Chueca, this hotel has earned itself a solid fanbase for the innovated design and relaxing atmosphere, the spacious rooms and the gourmet cuisine served in the restaurant.