This was our first time in Madrid and we highly recommend saying here. The location is perfect...directly across from the bull fighting arena (if you want to tour) and the Ventas metro red line which takes you directly to all major sights in a very short time. There is a grocery store around the block and local restaurants. We took a tour to Toledo and Segovia through "Get Your Guide" (booked through Viator) and the tour bus also boarded across the street. It was so convenient! It is a reasonable Uber/taxi ride from the airport. If I came to Madrid again, I would stay here.
Angel was a very communicative and gracious host.