All though you have already booked your stay I thought I'd give my 2cents. I highly recommend Hotel Plaza Mayor . It is one of the most centrally located hotels in Madrid. It's right next to Plaza Mayor, hence the name, and within walking distance to much of central Madrid. It's completely modern and unbelievably inexpensive. The staff rules! Helpful, nice and really added to my whole Madrid experience. I loved getting up in the morning and having coffee and breakfast while watching Madrid wake up on Plaza Mayor. Just writing this make me miss it.

[ 01-14-2002: Message edited by: MadridMan ]