In central Madrid, Hostal Los Perales is a 7 minute walk from Plaza España Square. It offers rooms with free Wi-Fi and a TV.
The staff at the front desk can provide information about Madrid. The area around the guesthouse has many restaurants and theaters, and you can walk to the lively district of Chueca in 10 minutes.
Noviciado Metro Station is a 3 minute walk from Los Perales, connecting you with the rest of the city with ease. The Royal Palace is less than a 15 minute walk away.