The location is excellent. You can literally walk everywhere in central Madrid from here. Plaza Mayor, Plaza del Sol, flamenco dancing places, Mercado San Miguel, shopping, restaurants, markets, and train stations are all within walking distance.
Receptionists were great, kind, and informative.
WiFi speed was very low, could upload only about 6 pics at a time. Need to ask for hair drier at reception.
Breakfast was not great.