Hotel Moderno was a really nice, comfy, home-away-from-home kind of hotel. The lounge is nice and spacious, but small enough to gather around with your friends and feel like in your own living room. The rooms are comfortable, and some have balconies.
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Theme: Hotel
Comparison: less expensive than average
Address: Calle Arenal, Madrid Espaņa
Directions: Right next to Puerta del Sol....across from the Plaza Mayor and a few blocks away from the Palacio Real