In a 19th-century building on the quieter edge of one of Madrid's main shopping districts, Preciados is a charming mid-range hotel ideal for travelers who value space and comfort. Though the rooms skew more modern than traditional, the purple backlighting and opaque glass make certain digs feel dated. A number of (slightly more expensive) rooms have skylights and wrought-iron balconies.
Valet parking is a steal at €19.50 per day.
Outfitted with hardwood floors, heavy curtains, and dimmable lights, rooms are cozy and comfortable. Unlike other hotels in the vicinity, there's plenty of room to spread out, even in the budget-friendly Standard Double category.
The minibar is complimentary (you read that correctly!) and is replenished daily with cold bottled water, beer, and juice.
Marble-clad bathrooms are roomy and feature plush, extra-large towels. Complimentary dental and shaving kits are an unexpected perk.
Though the lobby's design is forgettable, its service isn't; personable receptionists are eager to serve guests with restaurant recommendations, directions, and even ticket purchases.
La Varela, a historic café and restaurant with roots in the late 19th century, serves a no-nonsense, seafood-heavy Galician menu.
YOU SHOULD KNOW Breakfasts are perfectly decent, but at a price of €19, your money is better spent at any of the neighboring restaurants.
Since most of Madrid's top attractions are within walking distance, you probably won't need to take the metro. But should you find yourself with tired feet, you can hop on at Callao (Lines 3 and 5) or Santo Domingo (Line 2).
Preciados is dangerously close to Madrid’s most fabled churro spot, San Ginés (6-minute walk), a 24-hour café where towering platters of crisp-fried doughnuts are served piping hot by white-clad waiters. Churros con chocolate are the perfect way to end a tapas crawl on and around Cava Baja (7-minute walk), the city’s most archetypal—if slightly touristy—tapas street where you’ll find stalwart old-school restaurants like Casa Lucio, Casa Lucas, and Botín, the oldest restaurant in the world founded in 1725.
A 3-minute walk from the hotel, La Coquette, Madrid’s premier blues bar, offers a terrific—and free—nightly show from Tuesdays to Thursdays in an arcaded brick cellar. Although the venue’s size might be likened to a sardine can, the upside is that every seat is front-row— it’s always a thrill to watch the talented musicians jam out right in front of you. When the show winds down, keep the night going at El Amante, a nearby discoteca frequented by Spanish celebrities.
WHY WE LIKE IT
Can't decide whether you want to stay closer to the Plaza Mayor or Puerta del Sol? At Preciados, you're less than 10 minutes on foot from either. It would be easy for a hotel with such an unbeatable location to rest on its laurels, but Preciados consistently delivers when it comes to both hospitality and value. Though Millennials may be unimpressed by the early-aughts décor, spacious digs with well-outfitted bathrooms make up for the iffy aesthetics.