This hotel lies just off the wide Paseo de la Castellana. Built in the 1970s, it has been recently renovated in a combination of Laura Ashley and Spanish contemporary styles by Madrid's trendiest firm, Casa & Jardín. Rooms are comfortable and classically styled in cheery yellows and salmons and come with neatly kept bathrooms. Ask for a room on the seventh floor, where you get a private terrace at no extra charge. Best of all -- and understandably in great demand -- is the eighth-floor Emperatriz suite with its spacious balcony.