Hi...I just booked at the Husa Serrano Royal in the Salamanca area of Madrid for 69 euros a night in late Sept. This is a 4 star, boutique hotel in a quiet, residential area near all the trendy shops. The rate "paso a paso" indicated on their website ( www.husa.es ) is for this property. The rate is also available for the Husa Hotel Moncloa. I booked a double room for two people. Normally, this goes for 140 euros a night. Can't wait for my trip...hope this info is useful!