The Best Hotels Closest to Mercado de la Paz in Madrid for 2026

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Our top choices for Mercado de la Paz hotels

A modern restaurant interior with a central bar, wooden tables, and chairs.

A modern interior with a unique hanging sculpture.

A hotel lobby with wooden flooring, a reception desk, and a seating area.

1. Mercer Madrid

Golden Triangle of Art, 1.3 km from Mercado de la Paz

Jennifer

NT$12,083

NT$13,291 total

includes taxes & fees

Nov 3 - Nov 4

A spacious lobby with a checkered floor, seating areas with tropical leaf-patterned upholstery, and a large mirror reflecting the space.

A room with a checkered floor, a large mirror, and a potted plant.

A well-lit indoor seating area with a view of the outdoor patio. There are three chairs and a table with a black box on it.

A room with a large window, a chandelier, a table, and two chairs.

2. Relais & Châteaux Heritage Madrid

1 km from Mercado de la Paz

rafael

NT$12,447

NT$13,692 total

includes taxes & fees

Nov 16 - Nov 17

A modern outdoor dining area with wicker chairs, a wooden table, and potted plants.

A modern building with a large glass facade, a reflective water feature, and a covered entrance area.

A modern bar area with seating and a bar counter.

A hotel room with a large bed, a TV, a desk, and a view of the city.

3. Rosewood Villa Magna

0.4 km from Mercado de la Paz

Diego Enrique

NT$44,567

NT$49,024 total

includes taxes & fees

Nov 16 - Nov 17

An outdoor patio with tables and chairs, surrounded by greenery and a decorative wall.

A grand entrance with a wrought iron gate, a chandelier, and a set of double doors.

A spacious lobby with marble flooring, a central dining area, and ornate columns.

A lobby with ornate furniture, a staircase, and a large painting.

4. Relais & Châteaux Hotel Orfila

Almagro, 0.6 km from Mercado de la Paz

CARLOS

NT$13,445

NT$14,790 total

includes taxes & fees

Nov 19 - Nov 20

A modern bathroom with a large mirror, two sinks, a bathtub, and a vanity with a chair.

A luxurious indoor pool area with marble walls, a large chandelier, and a spa-like setting with loungers and a glass-enclosed hot tub.

An outdoor seating area with white furniture and greenery.

A luxurious bar area with high stools, a bartender, and a bar counter.

5. Mandarin Oriental Ritz, Madrid

Golden Triangle of Art, 1.5 km from Mercado de la Paz

Aimee

NT$35,249

NT$38,774 total

includes taxes & fees

Nov 16 - Nov 17

A black and white checkered floor, ornate black metal railings, and blue and white patterned walls.

An outdoor dining area with wicker tables and chairs, surrounded by lush greenery and vines.

A bedroom with a large bed, a bookshelf, and a small table with a vase of flowers.

A hotel corridor with a buffet area, wooden cabinets, and a chandelier.

6. Only YOU Boutique Hotel

Chueca, 1 km from Mercado de la Paz

Naama

NT$11,686

NT$12,855 total

includes taxes & fees

Nov 19 - Nov 20

A covered walkway with a glass railing, surrounded by indoor plants and tables with chairs.

A modern interior with a curved ceiling, a seating area with a sofa and chairs, a dining area with a table and chairs, and a large artwork on the wall.

A modern hotel room with a large bed, a black tufted sofa, a mural on the wall, and a brick accent wall.

A room with a view of a building with a blue roof and statues.

7. Casa Faraona Luxury Residences

Recoletos, 0.8 km from Mercado de la Paz

Raquel

NT$13,694

NT$15,064 total

includes taxes & fees

Nov 22 - Nov 23

A modern hotel facade with a prominent entrance, large glass windows, and a purple-lit awning.

A rooftop terrace with a table set for a meal, a bottle of champagne, and a glass of wine.

A rooftop terrace with lounge chairs, tables, and an umbrella, overlooking a cityscape.

A modern hotel lobby with a marble reception desk, a bar area, and a seating area with sofas and chairs.

8. Barceló Emperatriz

1 km from Mercado de la Paz

Kathy

NT$8,426

NT$9,268 total

includes taxes & fees

Nov 15 - Nov 16

A modern hotel room with a large bed, a small round table, and a kitchenette.

A modern kitchen with dark cabinets, a stainless steel range hood, and a microwave.

A modern living room with a sofa, chairs, a coffee table, and framed artwork on the walls.

A multi-story building with balconies, a tree in the foreground, and a mix of architectural styles.

9. Líbere Madrid Malasaña

Malasaña, 1.4 km from Mercado de la Paz

Darshan

NT$7,202

NT$7,923 total

includes taxes & fees

Nov 15 - Nov 16

An outdoor café with checkered flooring, outdoor seating, and tables.

A luxurious hotel lobby with ornate decor, a grand chandelier, and a view to the outside.

A grand hallway with ornate columns, a central decorative fountain, and a staircase leading to an upper level.

A grand building with a fountain, surrounded by well-manicured gardens and palm trees.

10. Santo Mauro, a Luxury Collection Hotel, Madrid

Almagro, 0.8 km from Mercado de la Paz

Nina

NT$26,309

NT$28,940 total

includes taxes & fees

Nov 14 - Nov 15

An indoor dining area with brick walls, green foliage, and hanging spherical lights. Tables are set with white tablecloths and chairs.

A lobby with a marble floor, two potted plants, a reception desk, and a chandelier.

A restaurant with wooden tables and chairs, a brick ceiling, and hanging plants.

A modern hotel room with a large bed, a sitting area with a chair, a television, and a mirror.

11. Wipton by Petit Palace – formerly known as Icon Wipton

Recoletos, 0.4 km from Mercado de la Paz

Maria

NT$8,964

NT$9,860 total

includes taxes & fees

Nov 15 - Nov 16

A historic hotel with a classic architectural style, featuring a prominent corner entrance, multiple balconies, and a well-lit facade.

A balcony with wicker chairs, a glass table, and a potted plant with flowers.

A hotel room with a large bed, a bench, a small table with a vase, and a view of a cityscape through a window.

A pool area with lounge chairs and a mural.

12. Wellington Hotel & Spa Madrid

Recoletos, 0.6 km from Mercado de la Paz

Lisa

NT$14,939

NT$16,433 total

includes taxes & fees

Nov 16 - Nov 17

A modern hotel room with a large bed, a sofa, a coffee table, and a mirror.

A modern hotel room with a teal sofa, a wooden coffee table, a double bed with white bedding, and a large mirror on the wall.

A modern living room with a sofa, a coffee table, a TV, and a kitchen area with cabinets and a coffee machine.

A hallway with a patterned carpet, doors on both sides, and a curved light fixture above.

13. Tribu Malasaña

Malasaña, 1.3 km from Mercado de la Paz

Helen

NT$4,452

NT$4,897 total

includes taxes & fees

Nov 16 - Nov 17

A view from a balcony with a glass railing overlooking a historic building with ornate architecture and a clock tower.

A narrow street with buildings featuring ornate balconies and a dome structure.

A cozy room with green upholstered chairs, a fireplace, and bookshelves filled with books.

A row of historic buildings with ornate facades, large windows, and balconies.

14. Hotel Vincci The Mint

1.4 km from Mercado de la Paz

Janick

NT$8,302

NT$9,133 total

includes taxes & fees

Nov 9 - Nov 10

A rooftop terrace with a sofa set, dining table, chairs, and potted plants.

A modern hotel room with a large glass-enclosed pool, white curtains, and a view of the pool area.

A hotel room with a large bed, a sofa with patterned cushions, a marble-topped table, a television, and a view of buildings through large windows.

A buffet table with various food items and decorative plants.

15. Brach Madrid - Evok Collection

Chueca, 1.5 km from Mercado de la Paz

Emmanuel

NT$17,727

NT$19,500 total

includes taxes & fees

Nov 2 - Nov 3

A rooftop terrace with wicker furniture, a glass coffee table, and potted plants.

A restaurant with a glass ceiling, green vertical gardens, and a central bar area.

A modern interior with a glass staircase, wooden shelves with books, and a seating area with a patterned ottoman.

A modern indoor swimming pool with wooden paneling, lounge chairs, and a view of the outside.

16. URSO Hotel & Spa

1.1 km from Mercado de la Paz

Navdeep

NT$13,973

NT$15,371 total

includes taxes & fees

Nov 11 - Nov 12

A staircase with a wooden handrail and metal balusters, decorated with string lights.

A modern bedroom with a large bed, a brick wall, and a wooden panel wall.

A rooftop terrace with white cushioned seating and a vertical garden wall.

A hotel entrance with a large wooden door, stone columns, and a sign for B&B Hotels.

17. B&B Hotel Madrid Centro F52

Chueca, 1.4 km from Mercado de la Paz

Angie

NT$4,810

NT$5,292 total

includes taxes & fees

Nov 2 - Nov 3

A modern indoor dining area with tables and chairs, a large abstract sculpture, and a glass ceiling.

A stone pathway lined with palm trees and a hedge, leading to a building.

A multi-story building with a modern architectural style, surrounded by lush greenery including palm trees.

A modern kitchen with wooden cabinets, white countertops, and built-in shelves for dishes and utensils.

18. VP SOGNIO Madroño

1.1 km from Mercado de la Paz

Bianca

NT$5,793

NT$6,373 total

includes taxes & fees

Nov 15 - Nov 16

A hotel room with a bed, a sofa, a red chair, a hanging coat rack, and a mirror.

A bar area with a neon sign, wooden furniture, and a view of the city.

A modern hotel room with a large bed, a desk, and a bathroom with a large mirror and sink.

A breakfast buffet with pastries, a teapot, and juice bottles.

19. ibis Styles Madrid Maravillas

Malasaña, 1.5 km from Mercado de la Paz

David

NT$4,176

NT$4,594 total

includes taxes & fees

Nov 22 - Nov 23

A buffet with various food items and beverages, including fruits, pastries, and a glass display case with flowers.

A hotel room with a bed, a chair, a table with a book and a fruit plate, and a view of a cityscape with a clock tower.

A rooftop terrace with red lounge chairs, a small table, and a potted plant.

A bar area with a modern design, including a pink chair and a marble countertop.

20. NH Collection Madrid Colón

Recoletos, 0.3 km from Mercado de la Paz

Maria

NT$9,832

NT$10,815 total

includes taxes & fees

Nov 15 - Nov 16

View all properties

Compare top hotels near Mercado de la Paz

Mercer Madrid Golden Triangle of Art, 1.3 km from Mercado de la Paz View	Relais & Châteaux Heritage Madrid 1 km from Mercado de la Paz View	Rosewood Villa Magna 0.4 km from Mercado de la Paz View	Relais & Châteaux Hotel Orfila Almagro, 0.6 km from Mercado de la Paz View	Mandarin Oriental Ritz, Madrid Golden Triangle of Art, 1.5 km from Mercado de la Paz View
9.8 Exceptional 38 reviews	9.8 Exceptional 622 reviews	9.8 Exceptional 157 reviews	9.8 Exceptional 589 reviews	9.8 Exceptional 177 reviews
NT$12,083 NT$13,291 total includes taxes & fees Nov 3 - Nov 4	NT$12,447 NT$13,692 total includes taxes & fees Nov 16 - Nov 17	NT$44,567 NT$49,024 total includes taxes & fees Nov 16 - Nov 17	NT$13,445 NT$14,790 total includes taxes & fees Nov 19 - Nov 20	NT$35,249 NT$38,774 total includes taxes & fees Nov 16 - Nov 17

Top Mercado de la Paz Hotel Reviews

Hotel Regina

10/10 Excellent

"Genial todo muy bien Habitaciones limpias Desayuno muy bien Ubicación buena Personal amable"

Only YOU Boutique Hotel

10/10 Excellent

"Staff were amazing"

Wipton by Petit Palace – formerly known as Icon Wipton

10/10 Excellent

"Amazing staff,clean and comfortable rooms with excellent location in Salamanca neighborhood."

Tótem Madrid Hotel

10/10 Excellent

"Loved it!"

BLESS Madrid - The Leading Hotels of the World

10/10 Excellent

"4th year in a row, staying here, best place."

Hotel Serrano

10/10 Excellent

"La ubicación es excelente. El personal muy atento y amable. Hubiera agradecido una rampa para subir el equipaje"

NH Madrid Lagasca

8/10 Good

"No hay un area que se pueda estar para conversar y tomar unos vinos y entremeses."

Wellington Hotel & Spa Madrid

10/10 Excellent

"Everything was great, thank you!!"

Petit Palace President Castellana

10/10 Excellent

"Nos quedamos en dos periodos, la habitacion que tuvimos del 10-12 de octubre no justificaba el precio pero en el segundo periodo del 16-19 de octubre nos dieron una habitacion que forma parte de la renovación que eatan haciendo al hotel y justifico su precio. La ubicacion del hotel es inigualable, buenos restaurantes, bar de tapas, locales, etc. El Staff del hotel fue muy amable y estoy seguro que cuando la renovacion este 100% completada, terminara de justificar su precio"

Other attractions near Mercado de la Paz

Milla de Oro

During your visit to Madrid, you can search for that perfect souvenir at Milla de Oro. While in this walkable area, you can savor the lively bars.

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El Corte Inglés

9.6/10 (25 reviews)

You can do some window-shopping at El Corte Inglés during your visit to Madrid. Make time to visit the area's shops, or simply enjoy its top-notch restaurants.

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La Caixa Foundation

10.0/10 (1 review)

You can browse the exhibits at La Caixa Foundation, a museum with a storied past, during your trip to Madrid. Experience the acclaimed theater scene and fascinating museums in this vibrant area.

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Kreisler Gallery

You can browse the exhibits at Kreisler Gallery, a museum with a story of its own, during your trip to Madrid. Experience the acclaimed theater scene and fascinating museums in this vibrant area.

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El Jardin de Serrano

8.6/10 (8 reviews)

During your visit to Madrid, you can find the perfect gifts to bring home at El Jardin de Serrano. Experience the acclaimed art scene and fascinating museums in this vibrant area.

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Goya Social Club

After visiting Goya Social Club, make a plan to see the other sights and activities in Madrid. Discover the area's fascinating museums and shops.

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Jorge Juan Gallery

You can browse the exhibits at Jorge Juan Gallery, a museum with a story of its own, during your travels to Madrid. Discover the acclaimed theater scene and shops in this vibrant area.

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Church of San Andres de Los Flamencos

After visiting Church of San Andres de Los Flamencos, make a plan to see the other sights and activities in Madrid. Experience the acclaimed theater scene and fascinating museums in this vibrant area.

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Frequently asked questions

What's the area like around Mercado de la Paz?

Mercado de la Paz is located in a vibrant area of Madrid known for its popular art scene and major shopping area. If you're looking for a convenient place to stay, check out the 987 hotels and other accommodations you'll find within a mile.

Where is the best place to stay near Mercado de la Paz?

Adjacent to Mercado de la Paz, BLESS Madrid - The Leading Hotels of the World is one of the top choices for your stay based on our traveler data, and this hotel offers a full-service spa and 2 restaurants. Other good options within a short distance include Embassy by Petit Palace – formerly known as Icon Embassy and Petit Palace President Castellana.

How many hotels will I be able to find near Mercado de la Paz?

Expedia has 987 hotels and other accommodations within a mile from Mercado de la Paz.

If I need to cancel the hotel reservation for my stay near Mercado de la Paz, will I receive a refund?

Yes! Most room reservations are refundable if you cancel prior to the hotel's cancellation deadline, which is usually within 24-48 hours of your check-in date. If you booked a non-refundable reservation, you might be able to cancel it and receive a refund within 24 hours of booking. Add dates, click "Search", then use the "fully refundable" filter to get the best options available near Mercado de la Paz.

Where can I learn more about changing or cancelling my trip in the area near Mercado de la Paz?

For more information about changing or cancelling your stay near Mercado de la Paz, go to https://www.expedia.com/service/.

What can I see and do near Mercado de la Paz?

You'll want to browse the collections at Thyssen-Bornemisza National Museum, National Prado Museum, and CaixaForum Madrid. National Library, Calle de Alcalá, and Church of Santa Barbara of the Salesas Reales are landmarks that you won't want to miss. You can check out the local talent at Círculo de Bellas Artes, Teatro Rialto, and Teatro La Strada Gran Via.

How can I get to Mercado de la Paz?

With so many transportation options, seeing the area around Mercado de la Paz is a breeze. Walk to nearby metro stations like Serrano Station, Velazquez Station, and Nunez de Balboa Station. If you want to explore the larger area, ride aboard one of the trains from Madrid Recoletos Station.

Find hotels near Mercado de la Paz, Madrid from NT$4,594

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Treat yourself

Be picky

Check prices for these dates

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Our top choices for Mercado de la Paz hotels

1. Mercer Madrid

2. Relais & Châteaux Heritage Madrid

3. Rosewood Villa Magna

4. Relais & Châteaux Hotel Orfila

5. Mandarin Oriental Ritz, Madrid

6. Only YOU Boutique Hotel

7. Casa Faraona Luxury Residences

8. Barceló Emperatriz

9. Líbere Madrid Malasaña

10. Santo Mauro, a Luxury Collection Hotel, Madrid

11. Wipton by Petit Palace – formerly known as Icon Wipton

12. Wellington Hotel & Spa Madrid

13. Tribu Malasaña

14. Hotel Vincci The Mint

15. Brach Madrid - Evok Collection

16. URSO Hotel & Spa

17. B&B Hotel Madrid Centro F52

18. VP SOGNIO Madroño

19. ibis Styles Madrid Maravillas

20. NH Collection Madrid Colón

Compare top hotels near Mercado de la Paz

Mercer Madrid

Relais & Châteaux Heritage Madrid

Rosewood Villa Magna

Relais & Châteaux Hotel Orfila

Mandarin Oriental Ritz, Madrid

Top Mercado de la Paz Hotel Reviews

Hotel Regina

Only YOU Boutique Hotel

Wipton by Petit Palace – formerly known as Icon Wipton

Tótem Madrid Hotel

BLESS Madrid - The Leading Hotels of the World

Hotel Serrano

NH Madrid Lagasca

Wellington Hotel & Spa Madrid

Petit Palace President Castellana

Other attractions near Mercado de la Paz

Milla de Oro

El Corte Inglés

La Caixa Foundation

Kreisler Gallery

El Jardin de Serrano

Goya Social Club

Jorge Juan Gallery

Church of San Andres de Los Flamencos

Frequently asked questions