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 modern interior with a unique hanging sculpture.

1. Mercer Madrid

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

Anna

￥60,361

￥66,397 total

includes taxes & fees

Oct 4 - Oct 5

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

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

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

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

￥64,015

￥70,416 total

includes taxes & fees

Sep 20 - Sep 21

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

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

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

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

￥161,012

￥177,113 total

includes taxes & fees

Sep 14 - Sep 15

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.

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.

4. Relais & Châteaux Hotel Orfila

0.6 km from Mercado de la Paz

Lauren Ami

￥71,681

￥78,849 total

includes taxes & fees

Sep 20 - Sep 21

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

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.

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

5. Tribu Malasaña

Malasaña, 1.3 km from Mercado de la Paz

Rachel

￥30,928

￥34,021 total

includes taxes & fees

Sep 10 - Sep 11

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

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

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.

6. Barceló Emperatriz

1 km from Mercado de la Paz

Omar

￥43,868

￥48,255 total

includes taxes & fees

Oct 4 - Oct 5

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 black double door with a decorative arch above it, flanked by two potted plants.

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.

7. Relais & Châteaux Heritage Madrid

1 km from Mercado de la Paz

Maria

￥68,630

￥75,493 total

includes taxes & fees

Sep 28 - Sep 29

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

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

An elevator entrance with ornate black metal railings and a wooden door.

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

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

Recoletos, 0.4 km from Mercado de la Paz

Maria

￥59,106

￥65,016 total

includes taxes & fees

Sep 20 - Sep 21

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

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

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

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

9. URSO Hotel & Spa

Justicia, 1.1 km from Mercado de la Paz

Norily

￥81,742

￥89,916 total

includes taxes & fees

Sep 27 - Sep 28

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

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

A modern dining area with a long table, cushioned seating, and a unique ceiling light fixture.

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.

10. Casa Faraona Luxury Residences

Recoletos, 0.8 km from Mercado de la Paz

Camilo

￥69,007

￥75,908 total

includes taxes & fees

Sep 20 - Sep 21

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

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

A checkered outdoor patio with seating, a bar area, and a staircase leading to an upper level.

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

11. Santo Mauro, a Luxury Collection Hotel, Madrid

0.8 km from Mercado de la Paz

Nina

￥142,979

￥157,277 total

includes taxes & fees

Sep 14 - Sep 15

A balcony with a breakfast setup including croissants, juice, and a glass of water, overlooking a cityscape at sunset.

A rooftop pool area with lounge chairs and a city view.

A restaurant with a view of a cityscape at night, featuring tables set with wine glasses and plates, and modern chairs.

A beach with clear turquoise water and a sandy shore. There are several umbrella-like structures along the beach.

12. H10 Puerta de Alcalá 4* Sup

Recoletos, 0.7 km from Mercado de la Paz

Jose Miguel

￥31,682

￥34,851 total

includes taxes & fees

Oct 4 - Oct 5

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

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

13. B&B Hotel Madrid Centro F52

Chueca, 1.4 km from Mercado de la Paz

Marv Louvince

￥29,447

￥32,392 total

includes taxes & fees

Sep 14 - Sep 15

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

A luxurious lobby with a marble reception desk, comfortable seating, and a bar area.

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

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

Recoletos, 0.3 km from Mercado de la Paz

LUISA

￥82,701

￥90,971 total

includes taxes & fees

Sep 27 - Sep 28

A hotel room with two beds, a wooden desk, and a large mirror on the wall.

A street scene with pedestrians, a Metro sign, and buildings with classical architecture.

A dining area with a wooden table and six chairs, a bottle of wine, and two abstract paintings on the wall.

A living room with a flat-screen TV mounted on the wall, a sofa with patterned cushions, a coffee table with a bottle of wine, and a bookshelf with books and a lamp.

15. Aparthoteltribunal

Malasaña, 1.3 km from Mercado de la Paz

Ben

￥22,249

￥24,474 total

includes taxes & fees

Sep 28 - Sep 29

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

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

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

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.

16. NH Collection Madrid Colón

Recoletos, 0.3 km from Mercado de la Paz

Cristina

￥54,917

￥60,409 total

includes taxes & fees

Sep 20 - Sep 21

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.

17. Wellington Hotel & Spa Madrid

Recoletos, 0.6 km from Mercado de la Paz

Niloufar

￥100,735

￥110,809 total

includes taxes & fees

Sep 29 - Sep 30

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

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

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

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

18. Tótem Madrid Hotel

Recoletos, 0.2 km from Mercado de la Paz

Nicolas

￥76,770

￥84,447 total

includes taxes & fees

Sep 27 - Sep 28

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

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

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

A modern cafe with glass ceilings, wicker furniture, and indoor plants.

19. Embassy by Petit Palace – formerly known as Icon Embassy

Recoletos, 0.2 km from Mercado de la Paz

carlos

￥63,872

￥70,259 total

includes taxes & fees

Sep 27 - Sep 28

A hotel entrance with a glass door, a staircase, and decorative lighting.

A building with a brick facade, a balcony with wrought iron railings, and a glass entrance door.

A breakfast table with a variety of food items and drinks, two upholstered chairs, and a view of the outside through a window with a balcony.

A hotel room with a large bed, bedside tables, a desk with a lamp, and a view of the outside.

20. One Shot Recoletos

Recoletos, 0.9 km from Mercado de la Paz

Nicole

￥42,800

￥47,080 total

includes taxes & fees

Oct 4 - Oct 5

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Compare popular hotels close to Mercado de la Paz

Property	Star rating	Guest rating
Mercer Madrid	10.0 Exceptional 11 reviews	View
Only YOU Boutique Hotel	9.8 Exceptional 1,009 reviews	View
Rosewood Villa Magna	9.8 Exceptional 152 reviews	View
Relais & Châteaux Hotel Orfila	9.8 Exceptional 581 reviews	View
Tribu Malasaña	9.6 Exceptional 371 reviews	View

Top Mercado de la Paz Hotel Reviews

Hotel Riu Plaza España

10/10 Excellent

"It was clean, prepared, equipment present as expected and all items worked nicely without hiccups. Not having a microwave was a problem for me. The freezing pool was useless even though the temp outside was 90s for a week. I made a misstake with air travel dates and even though I asked for a correction within the hour,,,, they would not change the reservation. I paid for two days while staying one day. I would not go back."

Only YOU Boutique Hotel

10/10 Excellent

"Great place in a perfect location. Will definitely come back."

Urban Hive Madrid

8/10 Good

"Overall a v good stay. Location, and the roof top pool is excellent. Staff is friendly and efficient. The breakfast is good (apart from the "scramble egs", which are powder made and unacceptable at this price point. Yes I know you can order omelette instead but still) but could do with more variety one fay to the next. The bread and pastries were fresh and v nice. The hotel is on the expensive side too."

Pestana CR7 Gran Vía Madrid

8/10 Good

"Clean rooms"

Hotel Regina

10/10 Excellent

"Great location, Spotless clean, wonderful staff and very good breakfeast. What else could ask for ?"

Hotel Gran Versalles

10/10 Excellent

"Rooms were clean, staff accommodating. Hotel is conveniently located, just minutes from restaurants, shopping, metro and attractions. Recommend."

Hotel Único Madrid - Small Luxury Hotels

10/10 Excellent

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

Rosewood Villa Magna

10/10 Excellent

"Excellent hotel and staff."

BLESS Madrid - The Leading Hotels of the World

10/10 Excellent

"Beautiful hotel in great location. Helpful staff, spacious room, very comfortable bed, great bathroom, excellent breakfast. Very convenient taxi stand outside hotel. Great shopping and restaurants in walking distance"

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 986 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 Only YOU Boutique Hotel and Wellington Hotel & Spa Madrid.

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

Expedia has 986 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 ￥24,474

Change your mind

Treat yourself

Be picky

Check prices for these dates

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Property class

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Our top choices for Mercado de la Paz hotels

1. Mercer Madrid

2. Only YOU Boutique Hotel

3. Rosewood Villa Magna

4. Relais & Châteaux Hotel Orfila

5. Tribu Malasaña

6. Barceló Emperatriz

7. Relais & Châteaux Heritage Madrid

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

9. URSO Hotel & Spa

10. Casa Faraona Luxury Residences

11. Santo Mauro, a Luxury Collection Hotel, Madrid

12. H10 Puerta de Alcalá 4* Sup

13. B&B Hotel Madrid Centro F52

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

15. Aparthoteltribunal

16. NH Collection Madrid Colón

17. Wellington Hotel & Spa Madrid

18. Tótem Madrid Hotel

19. Embassy by Petit Palace – formerly known as Icon Embassy

20. One Shot Recoletos

Compare popular hotels close to Mercado de la Paz

Top Mercado de la Paz Hotel Reviews

Hotel Riu Plaza España

Only YOU Boutique Hotel

Urban Hive Madrid

Pestana CR7 Gran Vía Madrid

Hotel Regina

Hotel Gran Versalles

Hotel Único Madrid - Small Luxury Hotels

Rosewood Villa Magna

BLESS Madrid - The Leading Hotels of the World

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