This hotel is really nice, with the only minor issues being the road construction in front of the entrance (which Google Maps didn't accurately reflect as the main entrance). It's super close to the Royal Palace, the Cathedral, and Metropol Parasol, and even Plaza de España and Torre del Oro are within easy walking distance. There's a large supermarket right downstairs, and being in the city center, there are tons of restaurants nearby. For parking, as shown in my attached photos, there's a public SABA parking garage right next door. It costs 28 Euros per day (with unlimited in/out access, and you can pay directly at the hotel front desk).
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