The hotel is basic, clean, comfortable, and very well maintained. The owner must love art because there are quite a few nice pieces in the common areas. Small bathroom, and shower was tiny - perhaps not safe if you are a big person. Interior walls are a bit thin but exterior door was very sound insulating - particularly given the central location. Independent bakeries, shops, bars, clubs, and restaurants are all over the neighbourhood and of course Gran Via and Fuencarral (my preferred shopping street) are both just a short walk away.
Great value and I hope to stay again.