It is what it says on the tin. Excellent location for central Madrid and the gay/party district. The place is extremely basic but clean. My room was on the top floor, I was a bit surprised that it was windowless - only a small window above the door looking onto the corridor. The corridor itself was overlooking an inner courtyard, so there was no noise from the street.
However earplugs are highly recommended because the walls are very thin so you hear everything every time someone comes back and opens/closes door. Also slippers or flipflops in which you can go out to the bathroom.
All in all, when you are out exploring the city and only go to the room to sleep, it is sufficient. The free wifi worked fine and was very efficient. Just one warning for those adventurous types who might go out with the intention of hooking up, in this hostal (and I suspect, generally), you are not allowed to bring back guests to your room.More
- Free Wifi