Hi there!

I have a recommendation for you, I cut and pasted the following from a posting I made back in April:

"The 2nd stay in Madrid was Friday the 20th, we decided to splurge a little and stay in a 'real' hotel. We found the Hotel Madrid (Best Western), on C/ Carretas-an even better location than the Playa-right off of Sol, the Sol Metro stop was about a 1 minute walk from our hotel, at the end of our street. The hotel offers free pick up at the airport, and an 800 peseta shuttle ride back, which these in itself save you a 3,000 or so peseta taxi ride to and from the airport. The room was your typical room, neat, clean, we had a tv & phone, but the bathroom was wonderful. It was the BEST shower I've EVER had in Spain-- the water pressure was incredible,and the hot water didn't end! For the double we paid 19,000 ptas."

I still agree now, and will (hopefully) be staying there the next time I return!! The hotel is probably a 5 minute walk to Plaza Mayor, and once the conversion took place, it came to less than $100 per night.

Have a great time!!

GG