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  • Built in 1966 and still going strong, the reasonably priced Ayre Gran Hotel Colón is west of Retiro Park in a relatively safe area of Madrid that's easily connected to the center by subway. It's well maintained and kept up-to-date, offering well-designed bedrooms with comfortably traditional furnishings.
  • Ideally located in a popular tiny square close to the Plaza Mayor, the 19th-century Hostal Persal offers particularly good value, family-size rooms, and fine on-the-spot meals.

Note: This information was accurate when it was published, but can change without notice. Please be sure to confirm all rates and details directly with the companies in question before planning your trip.