Right in the centre of Madrid on the Gran Vía, this guesthouse with free Wi-Fi is just 5 minutes on foot from the Puerta del Sol.

This classic guesthouse accommodates guests in 14 simple but functional retro style rooms. They provide an en suite bathroom, TV, free Wi-Fi, air conditioning, central heating and a hairdryer. Most rooms also feature a terrace or balcony overlooking the Gran Vía, and amenities at the guesthouse include a lift, left-luggage office, and laundry facilities.

The Hostal Montecarlo offers great transport links, being across the street from a bus stop and just 100 metres from the Gran Vía metro station. Puerta del Sol, the nerve centre of Madrid, is a stone's throw away where you can find shopping and dining options as well as the famous 'Oso y el Madroño' statue. The majestic Plaza Mayor is only 10 minutes away on foot.