As experienced in late March 2015 at a very good rate of €80 inc breakfast.
Very nice location & surroundings - it was a palace for Charles I (of Spain).
Excellent room with very comfortable twin beds (close together for intimacy, if you want it!) and beautiful bathroom.
Bathroom let down by the shower as the glass screen on edge of bath was inadequate to prevent water on the floor.
Machinery type "hum" in our room was occasionally slightly intrusive at night - couldn't find the source and it wasn't our air-con as it was off.
Pleasant views from our window of the town's water park (could be noisy in summer, I suppose) and of the mountains (Sierra de Gredos).
The food in the restaurant was disappointing. Portions were not generous and choice was very limited and didn't change over the 5 days we were there. We found eating in the town (5 to 10 minutes walk) was much better and cheaper - we would recommend Meson La Botica, particularly if you're really hungry, and you must try their Croquetas (the best we've had in a very long time).
We borrowed their two mountain bikes for a day, but these proved to be in very poor condition with virtually no brakes (scary on some of the hills) and mine had a slipping rear wheel (weird, yes I know!). A pity, as we would have liked to have gone further.