Good, traditional Madrid hotel in a great position. The Metro is accesible within a couple of minutes at Bilboa and Iglesia. For the airport, get on the underground at Alonso Martinez (Line 10) (10 minutes walk) and change at Nuevos Ministerios (Line 8 Pink). Alternatively, the taxi cost us 30 euros and took 20 minutes. There is a charming square nearby the hotel - the Plaza Olivide with small bars and cafes. There are many restaurants in the area and it is easy to walk into central Madrid in 20-30 minutes (Sol, the Retiro, Prado etc., etc.,).
The room in the hotel was large and comfortable (apart from one set of noisy inconsiderate neighbours.
The staff on reception were welcoming, helpful and professional. Breakfast is limited but perfectly adequate and of good quality and again the staff were excellent.
Overall, this is a good hotel in an excellent area away from the busy centre which is easily accessed.
We would recommend this hotel without hesitation..