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Madrid Hotel - Help me choose between these 2!

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Hola Fodorites

I have booked 2 hotels in Madrid and need to decide on which one to choose. I'll be staying in Madrid for 5 nights.

1. Sercotel Suites - avg 100 euros a night

http://www.booking.com/hotel/es/sercotel-suites-viena.en-gb.html?sid=29f7390b23a12fc3af202f230ea798e0;dcid=1;ucfs=1;srfid=0b33ccf7814e8f1ea0241b3ad8d72260c3e7e9ceX1;highlight_room=

The main reason I would choose this hotel is the price difference. But this hotel also has great reviews but I'm a bit unsure if the location is that convenient?



2. Iberostar Las Letras - avg 140 euros a night (so it would be about 200 euros more for a 5 night stay)

http://www.booking.com/hotel/es/iberostar-lasletras-granvia.en-gb.html?sid=29f7390b23a12fc3af202f230ea798e0;dcid=1;ucfs=1;srfid=486d7c4dd78b3c09b3d739ec6ce84c1090e62b12X1;highlight_room=

I've stayed here in 2011 and really liked the rooms and location. Very convenient location!

Thoughts? Much appreciated.

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