In an unbeatable location across from one of Madrid's most celebrated monuments (the Convent of Descalzas), this hotel, once the old U.S. embassy and later a luxurious residential building crowded with noblemen, still exudes a kind of glory. The entrance leads to a glass-dome atrium that serves as a tranquil sitting area. There's an antique elevator, and many of the ceilings are carved and ornate. Rooms are spacious and carpeted; request one facing the big plaza. Pros: Charming location, spacious rooms. Cons: No restaurant.
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