this place is in a wonderful location as it's a small walk away from the some main attractions which you would likely want to see (Plaza Mayor, Retiro Park, etc.) but still gives you a quieter place to stay. one thing to note is that the place is below street level and is accessed by stairs, though for us this was no issue except when you are carrying your things up them as you leave. i would definitely recommend this place if you are looking for accommodations in madrid!