Madrid Gran Vía

La Plata, Gran Vía, 15 (☎34 91 521 17 25; www.hostal-laplata.com), Owned and operated by the Garrido brothers, this hostel exudes quirky charm, from its brightly painted lobby to the unnecessary chandeliers in every room. Thanks to this place's incredibly helpful and friendly staff, Let ‘s Go recommends this hostal out of all the options in this building. Gran Vía. Walk straight east; building will be on your right. Singles €45; doubles €60. Reception 24hr. Takes credit cards. No wheelchair access. Has internet. Has air conditioning.
Hostal Felipe V, Gran Vía, 15 - 4th fl. (☎91 522 61 43; www.hostalfelipev.com), Felipe V runs itself like a hotel with spacious rooms and friendly service. Family owned and operated, this hostal has been recently renovated and offers guests a daily newspaper and concierge-like services in its lobby. Gran Vía. Walk east; building will be on your right. Breakfast €4.50. Offers travel agency service and reservations for airport shuttles. Singles €46; doubles €64; triples €78. Reception 24hr. Takes credit cards. No wheelchair access. Has internet. Has air conditioning.
Hostal Splendid, Gran Vía, 15 (☎91 522 47 37; www.hostalsplendid.com), With wood paneling like an old ship, this splendid hostal almost seems nautically inspired. Speaking Spanish will help you navigate the front desk, but the service is friendly regardless of your language skills. Gran Vía. Walk straight east; building will be on your right. Singles €32; doubles €47; triples €65. Reception 24hr. Takes credit cards. No wheelchair access. Has internet. Has air conditioning.
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Hostal Andorra, Gran Vía, 33 - 7th fl. (☎91 532 31 16; www.hostalandorra.com), Complete with a cushy and well-furnished TV room, this hostal looks more like a cozy bed and breakfast than its more corporate neighbors. The rooms here are somewhat expensive for a solo backpacker, but the doubles are well priced and reminiscent of your childhood friend's beautiful house in the ‘burbs. Callao. Walk east down Gran Vía. Singles €47; doubles €62. Reception 24hr. Takes credit cards. No wheelchair access. Has internet. Has air conditioning.
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Hispano Argentino Hostal, Gran Vía, 15 - 6th fl. (☎91 532 24 48; www.hispano-argentino.com), Standing out from the rest of the hostals within this building with a gigantic glass door, this place proves to be a painful optical illusion for some first-time patrons. While a night's stay might break the bank for some travelers, the rooftop terrace provides a beautiful view of Gran Vía, and the rooms include amenities like mini-fridges and hairdryers. Gran Vía. Walk straight east; building will be on your right. Singles €55-65; doubles €85. Reception 24hr. Takes credit cards. No wheelchair access. Has internet. Has air conditioning.
Hostal Santillan, C. Gran Vía, 64 (☎91 548 23 28; www.hostalsantillan.com), Operated by the same family for over four generations, Hostal Santillan features well-decorated rooms for a decent price. Make sure to ask one of the owners about hostal-sponsored excursions to Toledo and the Palacio Real. Plaza de España. Laundry service. Ensuite bathrooms and daily room cleaning, and laundry service. Ask about scheduled excursions and free baggage storage. Singles €30-35; doubles €50-55; triples €70-75. Reception 24hr. Takes credit cards. No wheelchair access. Has internet. Has air conditioning.
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Hostal A. Nebrija, Gran Vía, 67 - 8th fl. (☎91 547 73 19; www.hostalanebrija.com), The best part of this hostal is its spectacular views of the Palacio Real, the cathedral, and the nearby gardens. The second-best part is the eclectic collection of religious paintings and porcelain decorations in its lobby. With attractive prices in this neighborhood of expensive hostels, Hostal A. Nebrija is hard to turn down. Plaza de España. Singles €28; doubles €36; triples €55. Reception 24hr. Takes credit cards. No wheelchair access. Has internet. Has air conditioning.
Hostal Avenida, Gran Vía, 15 - 4th fl. (☎91 521 27 28; www.hostalavenidamadrid.com), Avenida claims to be a 20min. walk away from over 200 tourist attractions, and the same can be said for all the hostels within this building complex. With so many options in this neighborhood (and even just in this building), there is nothing special about Avenida except for its supremely comfortable beds. Gran Vía. Walk straight east; building will be on your right. Singles €40; doubles €60. Reception 24hr. Takes credit cards. No wheelchair access. Has internet. Has air conditioning.