My parents and their friends were visiting me for a few days in Madrid and as seen as my place could not accomodate them all I booked two rooms at the IBIS beside Ventas. At around 50 euro per room per night this hotel was much better than expected. Rooms are very clean and a good size. One of the rooms had a great view of the Plaza outside and the another one a lovely brick wall ;) The place was only booked to sleep so what more can you ask for? Nice and quiet at night.
Staff on front desk was friendly and helpful and check-in was quick.
For Breakfast the VIPS just across the road does a decent one for a decent price. For tapas try Bar Tendido also just slightly across the road.
Metro stop is 2 minutes walk and has both main lines into the city centre (Sol/Granvia - around 20 minutes)
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