You can’t beat the location since it is very central and convenient to Puerta del Sol and Gran Via station, but under construction right now, so if you are taking the metro, you have to use Sol, Callao or Cuenca. The staff speaks very limited English. The hostel itself on the 6th floor was very quiet and beautifully decorated. WiFi was excellent. If you are out all day and need a quiet, convenient and clean place to stay, but on a budget, Hispano Argentino is a good choice.