This is a great location to major attractions in Madrid. The only thing I would say is an issue is that if you sleep up in the loft, you should be very careful going down the stairs. They are very steep and some of the steps move a little as you step on them. They basically rent the whole floor for airbnb so you may get some unpleasant neighbors like we did who were up yelling and arguing at 1am. Overall the place was perfect for us and the beds were super comfy!