Hostal Armesto **

Two star hostal in the center of the cultural center of Madrid, near Plaza de las Cortes, Paseo de la Castellana and Atocha street.
Located in a quiet neighborhood, near the main museums: El Prado, Thyssen-Bornemisza and Reina Sofía. All rooms are large and have plenty of daylight, with a bathroom and a TV. Some rooms overlook the gardens of the Palacio Perinac, behind the home of the famous writer Lope de Vega.
The hostel has good reviews. Small, comfortable hostel with friendly staff and nice prizes.