The Hostal Metropol has the best location in town - central, as in spot on the middle of Madrid. Complete with McDonalds downstairs, a short walk south to the good shops, walk across the road for the metro, walk out the door for a bus - it's a pretty sweet deal.
However, our room was not air-conditioned, so we aimed to spend as little time as we could there. It's a bit shabby even though Busabout use it as their pick up point, and of course Calle Montera is the spot where all the hookers flaunt their business.
It's 1 euro each to hire a towel and sheet, the internet is free but must be booked, the breakfast is basic but there are biscuits in packets that we took for lunch later on.
I've had better, but then again Madrid is the city where you party all night and well into the next morning, so if that's your aim than this place would be perfect for you.
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