Marga's place is in an excellent location..very central to every tourist destination. .but of course you can't have everything. ..the noise is constant even in the wee hours of the morning. .but hey I was very happy staying in that place as it was very central! Few steps and you are right in the heart of Madrid, Puerta del Sol!! Walkable to everywhere!! plaza mayor. royal palace. san miguel market..3 minutes to gran via..plaza cibeles..alcala and you can walk further to retiro park. San gines for great churros.mallorquina sweets and turones de vicens are just few minutes away. You'vegot great restos and cafes right at yiur doorsteps..restaurantde tui got good menu del dia for lunch for just 11.50 euros. It's noisy but you won't regret it if you book this place!