This family-run guesthouse with free Wi-Fi and a/c is set in a lovely historic building right on central Madrid’s Gran Vía a stone's throw from the metro station of the same name.

The building has been carefully refurbished to maintain its old charm, while offering the comfort and convenience of modern facilities like a lift and free Wi-Fi throughout. Each of the 20 warmly furnished rooms benefit from flat-screen TVs with satellite channels, air conditioning, heating and private bathrooms. Hospitality is guaranteed at the 24-hour reception desk with a left-luggage office.

Hostal Felipe V enjoys a strategic location 5 minutes from the Puerta del Sol, 10 minutes from the Plaza Mayor and 15-20 minutes from the Prado on foot. The buzzing Calle Fuencarral shopping street is 2 blocks away, and an array of cinemas, theatres, tapas bars and restaurants is available in the surroundings.