Excellent location but with average facilities and services.
The biggest advantage is the location: the hotel is right in front of the Gran Via, with walking distance to major attractions, plus a lot of choices for shopping, grocery, etc. However, our bathroom has molds round the sink and shower floor. After complaining, we were offered to move to another room (with the view of Gran Via). Staff services are on average. One strange thing worth of mentioning: a few hours after we paid all costs/fees (including mini bar consumption) at the checkout, we noticed two attempts of charges (without our authorization) to our credit card but declined by my credit card company automatically.
For the price we paid, there are better options in the same area.