Perfect neighborhood. You're practically in the heart of Madrid. :) Didn't meet the host, but the staff was helpful enough. I like the free breakfast so it's always a bonus for me.

If you're a bit particular about some things, then don't get a mixed room. (Smelly shoes and loud snores, etc). I didn't know I was booking one. I love the cave, the lobby though. Hmm..bring your own towels and don't expect a bidet sprayer on the toilet! And oh, mind your valuables. I met someone there whose money got stolen from her locker on the day she arrived.

Overall, I'd go back there, but probably get a double room or a private room for all your friends.