This place is in a perfect location to see Madrid. It was walking distance to everything and it was great to go out and sightsee but be close enough to return to relax before going out again. Small conviene store right next to it and lots of eating options.
If you are a light sleeper it does get a little loud at night but we were there over a weekend and it was not too bad. I would definitely recommend staying here and I have already recommended it to friends that are thinking of going to Madrid.