This was a great find. Room was beautiful, clean, and perfectly situated in central Madrid. It was in walking distance of everything. Marga was a perfect hostess. As other reviewers have mentioned, there is a fair bit of street noise at night and into the wee hours (particularly on weekends and holidays), but that is the nature of Madrid... I don't believe you'll find a place downtown that doesn't have the same issue. We loved our stay in Velazquez suite and highly recommend it to others.