"We want to be like a friend in the city who has the best apartment in the best part of town, and who can tell you where to go out at night."

While the hotel's exterior won't wow you, the modern, comfortable rooms and super-convenient location are sure to make a positive impression.

Rooms at the Hotel Europa boast beautiful furnishings, fresh fabrics, marble baths, and tons of amenities from sofas to satellite TVs.

The Hotel Moderno wowed us with head-to-toe comforts and chic decor. This muy moderno venue overlooks the Puerta del Sol, winning mucho points for its central location.

If you're not opposed to shelling out a few extra euros, then check into the three-star Hotel Regente. It's worth it!

The three-star Hotel Ingles is a classic choice that has managed to keep its rates low, while new matresses and fresh paint keep aging rooms pleasant.

An historic establishment that can boast Ernest Hemingway as a former guest, the Tryp Gran Vía is a safe, moderately-priced bet.

Sleek and chic Ateneo provides 38 impressive three-star rooms just north of Puerta del Sol.

Posada del Peine manages to offer affordable rates to travelers while maintaining its four-star status.

Though a little bit expensive for Madrid, High Tech Petit Palace Ducal has a great location and unique design that make it a splurgeworthy pick.