The location is close to many food spots and shopping area. Do take up Jose Maria’s suggestions and walking routes. I went to Eslava which is super yummy. I do suggest going early as I waited almost an hour and the server told me that I should just try to snag a spot at the bar which I did. He personally greeted me and showed me around his special and eclectic home he shares with guests. If you are a late riser or lite sleeper, noise does travel and can be heard. Thank you Jose Maria for all the helpful suggestions. Also do book Alcazar tickets ahead of time. I also loved visiting plaza espana and watched local flamenco dancers perform.