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

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

A multi-story building with a classical architectural style, featuring balconies, large windows, and a corner location.

1. Mercer Madrid

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

Anna

NT$12,806

NT$14,087 total

includes taxes & fees

Sep 14 - Sep 15

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

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.

A building with a sign reading 'LIBERIA' and a blue awning with 'Only YOU' written on it.

2. Only YOU Boutique Hotel

Chueca, 1 km from Mercado de la Paz

sreedhar

NT$12,338

NT$13,572 total

includes taxes & fees

Sep 6 - Sep 7

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 large window, a chandelier, a table, and two chairs.

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.

3. Relais & Châteaux Heritage Madrid

1 km from Mercado de la Paz

Maria

NT$15,311

NT$16,842 total

includes taxes & fees

Sep 20 - Sep 21

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 dining area with a long table set for a meal, surrounded by wine racks filled with bottles.

4. Rosewood Villa Magna

0.4 km from Mercado de la Paz

Diego Enrique

NT$33,274

NT$36,601 total

includes taxes & fees

Sep 14 - Sep 15

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

An elegant dining area with marble-paneled walls, large arched windows, and a view of the garden.

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

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

5. Relais & Châteaux Hotel Orfila

0.6 km from Mercado de la Paz

Lauren Ami

NT$15,109

NT$16,620 total

includes taxes & fees

Sep 7 - Sep 8

A luxurious hotel lobby with a central bar, high ceilings, and abundant greenery.

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

A Mandarin Oriental Ritz outdoor seating area with a central fountain, surrounded by tables and chairs under umbrellas.

A hotel room with a bed, two armchairs, a desk, a lamp, a vase with flowers, and a view of buildings through large windows.

6. Mandarin Oriental Ritz, Madrid

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

Aimee

NT$36,564

NT$40,221 total

includes taxes & fees

Sep 6 - Sep 7

A modern living room with a fireplace, two sofas, a coffee table, and a bookshelf with books and decorative items.

A view through a window with a metal railing, looking out at a row of buildings with balconies.

A staircase with black steps leading to a wooden door with intricate metalwork.

A restaurant with wooden bookshelves, green upholstered seating, and tables set for dining.

7. El Autor Hotel, Madrid, Autograph Collection

Huertas, 1.5 km from Mercado de la Paz

Jhon Pierre

NT$16,325

NT$17,957 total

includes taxes & fees

Sep 20 - Sep 21

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 modern lounge area with a fireplace, purple sofas, and round tables.

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

Omar

NT$8,401

NT$9,241 total

includes taxes & fees

Sep 6 - Sep 7

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

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

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

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.

9. Tribu Malasaña

Malasaña, 1.3 km from Mercado de la Paz

Rachel

NT$5,688

NT$6,256 total

includes taxes & fees

Sep 6 - Sep 7

A spacious hotel lobby with high ceilings, large columns, and a variety of seating arrangements including sofas and chairs.

A hotel room with two beds, a nightstand, a lamp, a chair, and a view of a building through a window.

A rooftop pool with a clear view of the cityscape, surrounded by greenery and a decorative fence.

A pool area with a pergola, umbrellas, and potted plants.

10. Nômade Temple Madrid

Cortes, 1.5 km from Mercado de la Paz

Mariana

NT$16,158

NT$17,774 total

includes taxes & fees

Sep 7 - Sep 8

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

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

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

A formal dining room with a long table, multiple chairs, and potted plants.

11. Hotel Vincci The Mint

Justicia, 1.4 km from Mercado de la Paz

Michael

NT$5,540

NT$6,094 total

includes taxes & fees

Sep 6 - Sep 7

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

A modern living room with a wooden dining table, green chairs, a sofa, and a coffee table. There are framed pictures on the wall, a potted plant, and a lamp.

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

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

12. Líbere Madrid Malasaña

Malasaña, 1.4 km from Mercado de la Paz

Stephanie

NT$5,284

NT$5,813 total

includes taxes & fees

Sep 6 - Sep 7

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 buffet area with various food items, a decorative centerpiece, and a chandelier.

13. Wellington Hotel & Spa Madrid

Recoletos, 0.6 km from Mercado de la Paz

Niloufar

NT$19,474

NT$21,422 total

includes taxes & fees

Sep 5 - Sep 6

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

A historic building with ornate architectural details, multiple balconies, and large windows.

14. URSO Hotel & Spa

Justicia, 1.1 km from Mercado de la Paz

Norily

NT$16,892

NT$18,581 total

includes taxes & fees

Sep 6 - Sep 7

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 buffet table with various food items and decorative plants.

A hallway with a marble wall, a dining table with chairs, and a wicker sofa.

15. Brach Madrid - Evok Collection

Chueca, 1.5 km from Mercado de la Paz

John

NT$18,223

NT$20,046 total

includes taxes & fees

Sep 6 - Sep 7

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 modern lobby with a red reception desk, a sofa, and a desk with two chairs.

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

16. NH Collection Madrid Colón

Recoletos, 0.3 km from Mercado de la Paz

Cristina

NT$10,744

NT$11,819 total

includes taxes & fees

Sep 6 - Sep 7

A cozy indoor seating area with green sofas, striped tables, and a bar in the background.

A hotel entrance with a glass door, a staircase, and a sign reading "HOTEL TÔTEM MADRID".

A modern interior with a bar area, seating arrangements, and a staircase.

A modern hotel hallway with wooden flooring, a white bed, and a small table with a lamp.

17. Tótem Madrid Hotel

Recoletos, 0.2 km from Mercado de la Paz

Nicolas

NT$13,392

NT$14,731 total

includes taxes & fees

Sep 9 - Sep 10

A rooftop restaurant with tables set for dining, overlooking a cityscape with modern buildings and a clock tower.

A bar area with a black and white patterned floor, wooden paneling, and framed pictures on the walls.

A grand staircase with a red carpet, a chandelier, and a dining area with a table and chairs.

18. Hotel Fenix Gran Meliá - The Leading Hotels of the World

Recoletos, 0.3 km from Mercado de la Paz

LUISA

NT$16,116

NT$17,728 total

includes taxes & fees

Sep 6 - Sep 7

A hotel room with a large bed, a balcony with a view of a building, and a painting on the wall.

A hotel room with a large bed, a brick wall, and a painting on the wall.

A reception desk with a wooden panel design, a large illuminated 'W' sign, and a laptop on the desk.

A narrow, well-lit hallway with a staircase on the left and a fire extinguisher on the right.

19. Woohoo Rooms Fuencarral

Malasaña, 1.4 km from Mercado de la Paz

SAMER

NT$4,654

NT$5,119 total

includes taxes & fees

Sep 9 - Sep 10

A table with food and drinks on a balcony overlooking a cityscape.

A modern lobby with a marble reception desk, seating area with sofas and tables, a staircase, and a large plant.

A spacious lobby with a high ceiling, modern seating arrangements, and large windows allowing natural light.

A wooden staircase with stone walls, a metal handrail, and a potted plant.

20. ICON Embassy

Recoletos, 0.2 km from Mercado de la Paz

carlos

NT$9,821

NT$10,803 total

includes taxes & fees

Sep 6 - Sep 7

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Compare popular hotels close to Mercado de la Paz

Property	Property class	Guest rating
Mercer Madrid	10.0 Exceptional 11 reviews	View
Only YOU Boutique Hotel	9.8 Exceptional 1,005 reviews	View
Relais & Châteaux Heritage Madrid	9.8 Exceptional 606 reviews	View
Rosewood Villa Magna	9.8 Exceptional 151 reviews	View
Relais & Châteaux Hotel Orfila	9.8 Exceptional 581 reviews	View

Top Mercado de la Paz Hotel Reviews

Hotel Riu Plaza España

10/10 Excellent

"Hotel is very clean. Breakfast was amazing and staffs are very helpful. Highly recommend"

Petit Palace President Castellana

10/10 Excellent

"El personal super amable dispuesto a ayudar y resolver cualquier inconveniente. La ubicación inmejorable. Aunque está bajo renovación no causa mayores molestias."

Live It Gran Via

10/10 Excellent

"Everything impeccable"

H10 Puerta de Alcalá 4* Sup

10/10 Excellent

"Excelente hotel"

Hotel Regina

10/10 Excellent

"Clean eooms. Honestly the complimentary breakfast was the highlight for me. Definitely would return for that. Low light was having issues with the room key constantly not working and having to get it reprogrammed each day, quite annoying."

Hotel Único Madrid - Small Luxury Hotels

10/10 Excellent

"The best 5 star hotel in Madrid. I would not stay anywhere else!"

ICON Embassy

10/10 Excellent

"Everything amazing!! Will go back."

Only YOU Boutique Hotel

10/10 Excellent

"The Only You Boutique Hotel in Madrid is a revelation -- as winsome and inviting as the city it calls home. My room was commodious and inviting, with a mattress that provided a wonderful night's rest. The bathroom was well-designed and well-stocked. The staff, including the front desk and breakfast crew, was gracious and solicitous. My one small cavil is the size of the gym -- Lillitputian. Three was definitely a crowd in the cramped gym."

Rosewood Villa Magna

10/10 Excellent

"Excellent hotel and staff."

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 culturally rich 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 fascinating museums and acclaimed theater scene 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 fascinating museums and acclaimed theater scene 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 973 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, ICON Embassy is one of the top choices for your stay based on our traveler data, and this hotel offers a restaurant and a bar. Other good options within a short distance include Only YOU Boutique Hotel and Hotel Gran Versalles.

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

Expedia has 973 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 La Caixa Foundation, Sorolla Museum, and Thyssen-Bornemisza National Museum. Royal Palace of Madrid, National Library, and Calle de Alcalá 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$5,119

Change your mind

Treat yourself

Be picky

Check prices for these dates

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Star rating

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Our top choices for Mercado de la Paz hotels

1. Mercer Madrid

2. Only YOU Boutique Hotel

3. Relais & Châteaux Heritage Madrid

4. Rosewood Villa Magna

5. Relais & Châteaux Hotel Orfila

6. Mandarin Oriental Ritz, Madrid

7. El Autor Hotel, Madrid, Autograph Collection

8. Barceló Emperatriz

9. Tribu Malasaña

10. Nômade Temple Madrid

11. Hotel Vincci The Mint

12. Líbere Madrid Malasaña

13. Wellington Hotel & Spa Madrid

14. URSO Hotel & Spa

15. Brach Madrid - Evok Collection

16. NH Collection Madrid Colón

17. Tótem Madrid Hotel

18. Hotel Fenix Gran Meliá - The Leading Hotels of the World

19. Woohoo Rooms Fuencarral

20. ICON Embassy

Compare popular hotels close to Mercado de la Paz

Top Mercado de la Paz Hotel Reviews

Hotel Riu Plaza España

Petit Palace President Castellana

Live It Gran Via

H10 Puerta de Alcalá 4* Sup

Hotel Regina

Hotel Único Madrid - Small Luxury Hotels

ICON Embassy

Only YOU Boutique Hotel

Rosewood Villa Magna

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