I can't lend any recommendations but can tell you that the only hotel in that area (with a website) is the
Hotel Conde Duque and it's not even all that close but in the same general area. It's a 4-star hotel and they don't list prices so I'm pretty sure it's MUCH more expensive than that which you want to spend.
You might ask your daughter if SHE can write down some names of hotels in that area and then come back to this, your thread, give us the names of the hotels and then maybe we can tell you what we know about them.
Good luck! Saludos, MadridMan
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