First time in Madrid, very happy with chosen area and hotel.
Hotel stretches across 2nd floor of a beautifully maintained, classic old building. Everyone delightfully friendly. Ones beyond-basic grasp of Spanish and a few smiles went an awfully long way, both in the hotel and everywhere else. I never understand the patronising aggression of reviewers on this site who expect everyone to speak English in other countries and expect to be able to do/eat/order/buy xyz just as they do back home -- you want it to be like Las Vegas, then just go to Las Vegas people.
Yes, the hotel is in a somewhat boisterous, young, fun Malasaña area, so there is often street noise until the early hours. But that's because that's how Madrid works and the area is a warren of narrow little streets with bars and restaurants and independent boutiques, and is in addition very clearly a real neighborhood where people live and families are to be found. One imagine things calm down at night as winter kicks in.
Hotel walls are a bit thin, however, though the person next to me realized their TV volume was a bit loud after not too long.
Rooms have high ceilings and tall, tall windows with shutters and little balconies - the charm is genuine.
Would happily return.