WOW. There is no better location. The place is charming and spotlessly clean. a modern bathroom is appreciated mixed with the charm of the old old building is amazing. Comfortable beds and very spacious. We walked to everything and enjoyed our little roof top table over the plaza for concerts as we were there during a festival. Be prepared to duck your head in some doorways if you are tall. I will be back. Madrid is a very enjoyable safe fun city and this is the place to stay!