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Madrid: Hostal Madrid Star or Hotel Arosa?

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I've been to Madrid before, twice in fact (or actually 4x, if you count the beginning and end of trips).

But for my upcoming trip, I'm having a hard time remembering where is the ideal place to stay. In my case, it will be December 25-27. I generally like to go out at night and if there are flamenco or music shows, I'll want to go. I've stayed on Gran Via and I've stayed near Atocha, and one other place I can't remember, and they all seemed to work out fine.

The reason for these two is that the price/quality ratio for both seems to be very good, based on the deals I've been able to find (about 55 Euros/night for each). They both have 24-hour reception.

Hostal Madrid Star is at Calle del Principe.

Hotel Arosa is at Calle Salud, 21.

Which would you prefer in terms of location or otherwise? I'll be arriving by plane and leaving by train.

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