This boutique apartment hotel offers great value on a quiet street just a couple blocks from the Retiro Park and Madrid’s main shopping area. Its large lobby, with marble floors and a wood-panelled ceiling, adjoins a café, restaurant, and the hotel's restful outdoor garden—an after work magnet for Madrileños working and living in the neighborhood. Rooms are large and feature modern furnishings, and they all have a sofa bed plus a small kitchen with a microwave, a stovetop, and a refrigerator. "Superior" rooms, just a bit more expensive, have sizeable terraces. Not far away, there is another commendable hotel in the chain (El Madroño), which is slightly cheaper but which also has rooms for four people and adjoined rooms for groups and larger families. Book well in advance.