Ron M I have stayed at
Hostal Tijcal and have recommended it to others. The owners are nice, multi-lingual and there are great amenities in the rooms (although with a city like Madrid I am sure you will not be spending much time in the rooms).
You have a private bath in each room...beautifully tiled I might add. The hostal is very clean and there is a mailbox inside so that you can mail out your last minute postcards before leaving!
The hostal is steps away from the Plaza Mayor and a few jumps
from Puerta del Sol.
[ 02-08-2002: Message edited by: MadridMan ]