Unsurpassable location! It’s center to pretty much all of Madrid highlights, and you can walk everywhere. The place is very luminous, and it was super clean. Loved the little balcony to sit and hangout with my friends in the evenings. Fair warning: you get some noise out of the restaurants in the plaza, when they close around midnight, and drag the chairs and tables to chain them together. Other than that, it was also surprisingly quiet. I highly recommend it!