I didn't stay here, but a friend of mine did, and I went to visit his place and it seemed so much nicer than the place I was staying! It was clean...it had a bar and common area and serves all meals (breakfast, lunch, and dinner). I think from what I saw and what my friend told me that this place is a great place to stay in Madrid. Only down side is it's a little further from all the sights, but I think everything makes up for that.