Madrid Hotel Guide - Mercado de la Paz hotels in Madrid, Spain.

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Tonight
24 Dec - 25 Dec
Tomorrow
25 Dec - 26 Dec
This weekend
26 Dec - 28 Dec
Next weekend
2 Jan - 4 Jan

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Our top choices for Mercado de la Paz hotels

Daily cooked-to-order breakfast (EUR 27 per person)
Only YOU Boutique Hotel

Only YOU Boutique Hotel

Only YOU Boutique Hotel
4.0 star property
Chueca, 1 km from Mercado de la Paz
9.8 out of 10, Exceptional, (1002)
"Beautiful hotel, incredibly friendly and helpful staff, great location and nice breakfast."
United States
Brooke
The price is €251
includes taxes & fees
5 Jan - 6 Jan 2026
Only YOU Boutique Hotel
Exterior
Ayala 63

Ayala 63

Ayala 63
4.0 star property
0.7 km from Mercado de la Paz
9.8 out of 10, Exceptional, (58)
"Excellent location. Great home away from home. "
United States
Ana Maria
The price is €472
includes taxes & fees
8 Jan - 9 Jan 2026
Ayala 63
Bar (on property)
Relais & Châteaux Heritage Madrid

Relais & Châteaux Heritage Madrid

Relais & Châteaux Heritage Madrid
5.0 star property
1 km from Mercado de la Paz
9.8 out of 10, Exceptional, (567)
"“An absolutely stunning stay at Madrid Château. The room was beautiful, the service was exceptional, and every detail was handled with care. The hotel itself is truly gorgeous elegant, peaceful, and perfectly curated. An unforgettable experience.”staff beyond friendly lived it "
United States
Salwa
The price is €443
includes taxes & fees
25 Dec - 26 Dec
Relais & Châteaux Heritage Madrid
Building design
ICON Wipton

ICON Wipton

ICON Wipton
4.0 star property
Recoletos, 0.4 km from Mercado de la Paz
9.6 out of 10, Exceptional, (656)
"Brakefast and employees are the best, hotel is nice , clean y best locations "
United States
Juan Pablo
The price is €231
includes taxes & fees
25 Dec - 26 Dec
ICON Wipton
Reception
Rosewood Villa Magna

Rosewood Villa Magna

Rosewood Villa Magna
5.0 star property
0.4 km from Mercado de la Paz
9.6 out of 10, Exceptional, (105)
"Fantastic stay, beautiful rooms, great service"
United States
Leonardo
The price is €1,211
includes taxes & fees
10 Jan - 11 Jan 2026
Rosewood Villa Magna
Balcony
Sardinero Madrid

Sardinero Madrid

Sardinero Madrid
4.0 star property
0.9 km from Mercado de la Paz
9.6 out of 10, Exceptional, (652)
"Loved hotel. Very friendly, courteous staff, great room and bathroom, with a terrific balcony, fantastic breakfast, and great location for access to Madrids metro. Will definitely use again if travelling back to Madrid. "
United Kingdom
Steven
The price is €117
includes taxes & fees
4 Jan - 5 Jan 2026
Sardinero Madrid
Rooftop terrace
Barceló Emperatriz

Barceló Emperatriz

Barceló Emperatriz
5.0 star property
1 km from Mercado de la Paz
9.6 out of 10, Exceptional, (1061)
"Excellent location, great condition of the rooms and friendly staff made our stay very comfortable"
United States
Carlos A
The price is €185
includes taxes & fees
11 Jan - 12 Jan 2026
Barceló Emperatriz
Exterior
Santo Mauro, a Luxury Collection Hotel, Madrid

Santo Mauro, a Luxury Collection Hotel, Madrid

Santo Mauro, a Luxury Collection Hotel, Madrid
5.0 star property
Almagro, 0.8 km from Mercado de la Paz
9.6 out of 10, Exceptional, (162)
"Clean room … good service. Friendly staff"
Singapore
edmund
The price is €608
includes taxes & fees
4 Jan - 5 Jan 2026
Santo Mauro, a Luxury Collection Hotel, Madrid
Junior Suite, Terrace | City view
URSO Hotel & Spa

URSO Hotel & Spa

URSO Hotel & Spa
5.0 star property
1.1 km from Mercado de la Paz
9.6 out of 10, Exceptional, (486)
"Beautiful property, and wonderful and attentive staff. The hotel is located in a central area and walkable to most attractions. Highly recommend "
United States
Robyn
The price is €317
includes taxes & fees
4 Jan - 5 Jan 2026
URSO Hotel & Spa
Lunch and dinner served
ICON Embassy

ICON Embassy

ICON Embassy
4.0 star property
Recoletos, 0.2 km from Mercado de la Paz
9.4 out of 10, Exceptional, (955)
"Great location. "
United States
Anabel
The price is €180
includes taxes & fees
25 Dec - 26 Dec
ICON Embassy
Seasonal outdoor pool, pool umbrellas
NH Collection Madrid Colón

NH Collection Madrid Colón

NH Collection Madrid Colón
4.0 star property
Recoletos, 0.3 km from Mercado de la Paz
9.4 out of 10, Exceptional, (1002)
"Great hotel, the breakfast is amazing and the room was super clean. "
United States
Francois
The price is €204
includes taxes & fees
18 Jan - 19 Jan 2026
NH Collection Madrid Colón
43-inch flat-screen TV with digital channels, TV
Tótem Madrid Hotel

Tótem Madrid Hotel

Tótem Madrid Hotel
4.0 star property
Recoletos, 0.2 km from Mercado de la Paz
9.4 out of 10, Exceptional, (714)
"Great location Very nice hotel !"
United States
Max
The price is €275
includes taxes & fees
25 Dec - 26 Dec
Tótem Madrid Hotel
Garden
Hotel Único Madrid - Small Luxury Hotels

Hotel Único Madrid - Small Luxury Hotels

Hotel Único Madrid - Small Luxury Hotels
5.0 star property
Recoletos, 0.1 km from Mercado de la Paz
9.4 out of 10, Exceptional, (383)
"Located in the heart of Salamanca, you cannot find a better location than this in Madrid. 100% walkable area, the best boutiques and restaurants near by, beautiful property, excellent warm service and great breakfast. Totally recommended!"
United States
Alfonso
The price is €468
includes taxes & fees
7 Jan - 8 Jan 2026
Hotel Único Madrid - Small Luxury Hotels
Terrace/patio
Hotel Fenix Gran Meliá - The Leading Hotels of the World

Hotel Fenix Gran Meliá - The Leading Hotels of the World

Hotel Fenix Gran Meliá - The Leading Hotels of the World
5.0 star property
Recoletos, 0.3 km from Mercado de la Paz
9.4 out of 10, Exceptional, (1000)
"Wonderful staff. Great breakfast."
United States
Paula
The price is €352
includes taxes & fees
7 Jan - 8 Jan 2026
Hotel Fenix Gran Meliá - The Leading Hotels of the World
Restaurant
Casa Almagro by The Pavilions Hotels & Resorts

Casa Almagro by The Pavilions Hotels & Resorts

Casa Almagro by The Pavilions Hotels & Resorts
4.0 star property
Almagro, 0.5 km from Mercado de la Paz
9.4 out of 10, Exceptional, (342)
"Great location "
United States
valentina
The price is €167
includes taxes & fees
25 Dec - 26 Dec
Casa Almagro by The Pavilions Hotels & Resorts
Daily buffet breakfast (EUR 45 per person)
Wellington Hotel & Spa Madrid

Wellington Hotel & Spa Madrid

Wellington Hotel & Spa Madrid
5.0 star property
Recoletos, 0.6 km from Mercado de la Paz
9.4 out of 10, Exceptional, (1000)
"The hotel felt really luxurious, it felt like I was at the Plaza. "
United States
Oscar
The price is €405
includes taxes & fees
12 Jan - 13 Jan 2026
Wellington Hotel & Spa Madrid
Reception
VP Jardín de Recoletos

VP Jardín de Recoletos

VP Jardín de Recoletos
4.0 star property
Recoletos, 0.7 km from Mercado de la Paz
9.4 out of 10, Exceptional, (765)
"Great staff. Unbeatable location."
United States
Leonardo
The price is €213
includes taxes & fees
5 Jan - 6 Jan 2026
VP Jardín de Recoletos
Reception
VP Madroño

VP Madroño

VP Madroño
3.5 star property
1.1 km from Mercado de la Paz
9.4 out of 10, Exceptional, (710)
"Great stay! "
United States
Saray
The price is €126
includes taxes & fees
5 Jan - 6 Jan 2026
VP Madroño
Superior Apartment, 1 Bedroom (1-2 people) | Interior
60 Balconies Design

60 Balconies Design

60 Balconies Design
4.0 star property
0.9 km from Mercado de la Paz
9.4 out of 10, Exceptional, (291)
"Great place to stay in a very quiet a good neighborhood "
United States
Rafael
The price is €202
includes taxes & fees
18 Jan - 19 Jan 2026
60 Balconies Design
Superior Double Room
B&B Hotel Madrid Centro F52

B&B Hotel Madrid Centro F52

B&B Hotel Madrid Centro F52
2.5 star property
Chueca, 1.4 km from Mercado de la Paz
9.4 out of 10, Exceptional, (547)
"Staff were very friendly and helpful. This location is close to all downtown areas."
United States
Afshin
The price is €97
includes taxes & fees
5 Jan - 6 Jan 2026
B&B Hotel Madrid Centro F52
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.
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Top Mercado de la Paz Hotel Reviews

Hotel Riu Plaza España

Hotel Riu Plaza España

10/10 Excellent
"."
Javier 1-night trip
Posted 2 days ago
Hotel Riu Plaza España

Hotels near other Mercado de la Paz attractions

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 savour the lively bars.
See properties

El Corte Inglés

4.8/5 (25 reviews)
You can search for that perfect souvenir at El Corte Inglés during your trip to Madrid. Make time to visit the area's shops or simply enjoy its top-notch restaurants.
See properties

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, take a look at the 1179 hotels and other accommodation options you'll find within a mile.
What's the best hotel to stay near Mercado de la Paz?
Adjacent to Mercado de la Paz, Petit Palace President Castellana is one of the top choices for your stay based on our traveller data, and this hotel offers free WiFi and a 24-hour business centre. Other good options within a short distance include Novotel Madrid Center and Hotel Gran Versalles.
How many hotels can I expect to find close to Mercado de la Paz?
Expedia has 1179 hotels and other accommodation options 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 hotel reservations are refundable if you cancel prior to the accommodation's cancellation deadline, which is often 24 or 48 hours before your check-in date. If you have a reservation that's non-refundable, you might be able to still cancel and receive a refund within 24 hours of booking. Add dates, click "Search", then you can use the "fully refundable" filter to review the top deals on offer near Mercado de la Paz.
What can I see and do near Mercado de la Paz?
You'll want to browse the collections at Sorolla Museum, Museum of Romanticism and Thyssen-Bornemisza National Museum. Royal Palace of Madrid, Calle de Alcalá and Puerta de Alcalá are landmarks that you won't want to miss. You can check out the local talent at Nuevo Teatro Alcala, Círculo de Bellas Artes and Teatro Rialto.
How can I get to Mercado de la Paz?
With so many ways to get around, seeing the area around Mercado de la Paz is easy. Nearby metro stations include Serrano Station, Velazquez Station and Nunez de Balboa Station. To see more of the larger area, ride aboard one of the trains from Madrid Recoletos Station.