I booked a triple room in HRC Hotel (Madrid) for four nights in September 2014 for about $113 per night. The room is nice and clean with all necessary amenities. All in all it has been a good experience – a pretty decent hotel at very reasonable price, central location (within 15 min walking to major museums and squares of Madrid), good sleep, friendly staff. I give this hotel my best recommendations.
View from the room’s window to the San Francisco El Grande Basilica