Great place to stay at Madrid
It’s more like hotel room with the convenience of common spaces such as kitchen (big and full equipped) salon with chill out and table amenities.
Location is perfect, price is very good and if you like to be alone or meet people this is your place.
It’s good for families too ( have in mind not playground or too kids friendly but do the job)
Only down side a bit noise outside, what I think is all over the area due to the extend Spanish night life.