We stayed at the Ingles in Madrid a few years ago and liked it very much. One of the things it is noted for is being the hotel of choice of Virginia Wolf when she was in Madrid. We thought its location was excellent (you can walk to a lot of places of interest, like the Prado, without too much trouble), and it is close to a lot of good restaurants. We were lucky with our room, as I think they gave us a suite for a double room price (our room had a sitting room, bathroom, and bedroom). The only negative we read about before booking the room was that the staff wasn't as hospitable as it might be, and we found this to be true, but not of any great consequence. We would definitely stay there again, unless current reports reflect some negatives that we didn't experience. If there's any more info we might be able to furnish, please let us know.

Hope you have a good trip, JKJ