"Decent hotel for the price"
The hotel is quite old, but clean, and the check-in staff is friendly and helpful. We stayed on the 5th floor in the standard rooms, and they were quite large with nice, firm mattresses. They are old and not renovated, however, so you will see stains on the carpet and sofa, and water damage on the ceilings and walls. The shower is the kind with a moveable wand, but there is no shower curtain, so you have to be really careful so as not to get water all over the floor. Plenty of good water pressure and hot water. There is a small safe in the closet. No microwave, or usable fridge. We had no issues with noise on the 5th floor, and the elevators work fine. Basic internet is free now, but it is slow and sometimes kicks you off.
Overall, a reasonably good place to stay, but it's not American 4-star quality by any stretch. It wasn't priced like a 4-star hotel though, and we appreciated saving money on accommodations. We always felt safe, and having the Metro so close as well as the big Corte Ingles department store is a big plus. There is a grocery store in the basement of the Corte Ingles, by the way, where you can pick up bottled water cheaply. There is a very nice bar/restaurant across the street where you can get an inexpensive breakfast, café con leche, and wonderful seafood for lunch or dinner.
You aren't exactly in the middle of the action in Madrid, and you will have to walk or take the metro or taxi if you want to be where there are more choices of bars/restaurants
Traveller from Dayton, OH