Under the same ownership as the Hostal Macarena, this hostal is decorated in a low-key, rather old-fashioned style, but every room is large by Spanish standards, and they all have air conditioning (which the Macarena lacks). Most have brand-new marble and tile baths, usually with tub showers rather than shower stalls, and simple, functional furniture. Corner room 203 has two separate balconies overlooking different streets. A solo traveler should ask for Room 311, which is tiny but has a romantic view of Malasaña’s red-tiled rooftops. For families or groups, several rooms are set up for three or four people and some fourth-floor units have a second small bedroom. Location is the shortcoming here, as you’ll probably take the Metro everywhere you go, but the low cost makes that a little easier to take.