The Best Hotels Closest to Mercado de la Paz in Madrid - 2026 Updated Prices

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Our top choices for Mercado de la Paz hotels

A modern interior with a unique hanging sculpture.

A modern restaurant interior with a central bar, wooden tables, and chairs.

A hotel lobby with wooden flooring, a reception desk, and a seating area.

1. Mercer Madrid

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

Anna

₹32,316

₹35,547 total

includes taxes & fees

8 Sept - 9 Sept

A spacious lobby with a checkered floor, seating areas with tropical leaf-patterned upholstery, and a large mirror reflecting the space.

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

A room with a large window, a chandelier, a table, and two chairs.

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.

2. Relais & Châteaux Heritage Madrid

1 km from Mercado de la Paz

Maria

₹40,260

₹44,286 total

includes taxes & fees

30 Sept - 1 Oct

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

A bedroom with a large bed, a bookshelf, and a small table with a vase of flowers.

A building with a sign reading 'LIBERIA' and a blue awning with 'Only YOU' written on it.

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

3. Only YOU Boutique Hotel

Chueca, 1 km from Mercado de la Paz

sreedhar

₹36,918

₹40,610 total

includes taxes & fees

6 Sept - 7 Sept

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.

A lobby with ornate furniture, a staircase, and a large painting.

An elegant dining area with marble-paneled walls, large arched windows, and a view of the garden.

4. Relais & Châteaux Hotel Orfila

0.6 km from Mercado de la Paz

Lauren Ami

₹39,092

₹43,001 total

includes taxes & fees

8 Sept - 9 Sept

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

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.

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

5. Rosewood Villa Magna

0.4 km from Mercado de la Paz

Diego Enrique

₹99,147

₹109,062 total

includes taxes & fees

14 Sept - 15 Sept

A luxurious hotel lobby with a central bar, high ceilings, and abundant greenery.

A luxurious indoor pool area with marble walls, a large chandelier, and a spa-like setting with loungers and a glass-enclosed hot tub.

A Mandarin Oriental Ritz outdoor seating area with a central fountain, surrounded by tables and chairs under umbrellas.

A hotel room with a bed, two armchairs, a desk, a lamp, a vase with flowers, and a view of buildings through large windows.

6. Mandarin Oriental Ritz, Madrid

Golden Triangle of Art, 1.5 km from Mercado de la Paz

Aimee

₹108,953

₹119,848 total

includes taxes & fees

6 Sept - 7 Sept

A modern living room with a fireplace, two sofas, a coffee table, and a bookshelf with books and decorative items.

A view through a window with a metal railing, looking out at a row of buildings with balconies.

A staircase with black steps leading to a wooden door with intricate metalwork.

A restaurant with wooden bookshelves, green upholstered seating, and tables set for dining.

7. El Autor Hotel, Madrid, Autograph Collection

Huertas, 1.5 km from Mercado de la Paz

Jhon Pierre

₹48,548

₹53,403 total

includes taxes & fees

20 Sept - 21 Sept

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

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

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 compact kitchenette with a microwave, coffee maker, and sink.

8. Tribu Malasaña

Malasaña, 1.3 km from Mercado de la Paz

Rachel

₹17,018

₹18,720 total

includes taxes & fees

6 Sept - 7 Sept

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 rooftop terrace with a table set for a meal, a bottle of champagne, and a glass of wine.

9. Barceló Emperatriz

1 km from Mercado de la Paz

Omar

₹25,032

₹27,535 total

includes taxes & fees

6 Sept - 7 Sept

A view from a balcony with a glass railing overlooking a historic building with ornate architecture and a clock tower.

A cozy room with green upholstered chairs, a fireplace, and bookshelves filled with books.

A row of historic buildings with ornate facades, large windows, and balconies.

A formal dining room with a long table, multiple chairs, and potted plants.

10. Hotel Vincci The Mint

Justicia, 1.4 km from Mercado de la Paz

Michael

₹18,709

₹20,580 total

includes taxes & fees

6 Sept - 7 Sept

A spacious hotel lobby with high ceilings, large columns, and a variety of seating arrangements including sofas and chairs.

A hotel room with two beds, a nightstand, a lamp, a chair, and a view of a building through a window.

A rooftop pool with a clear view of the cityscape, surrounded by greenery and a decorative fence.

A pool area with a pergola, umbrellas, and potted plants.

11. Nômade Temple Madrid

Cortes, 1.5 km from Mercado de la Paz

Mariana

₹48,054

₹52,859 total

includes taxes & fees

9 Sept - 10 Sept

A historic hotel with a classic architectural style, featuring a prominent corner entrance, multiple balconies, and a well-lit facade.

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 buffet area with various food items, a decorative centerpiece, and a chandelier.

A balcony with wicker chairs, a glass table, and a potted plant with flowers.

12. Wellington Hotel & Spa Madrid

Recoletos, 0.6 km from Mercado de la Paz

Niloufar

₹57,914

₹63,705 total

includes taxes & fees

5 Sept - 6 Sept

A modern hotel room with a large bed, a small round table, and a kitchenette.

A modern kitchen with dark cabinets, a stainless steel range hood, and a microwave.

A modern living room with a sofa, chairs, a coffee table, and framed artwork on the walls.

A multi-story building with balconies, a tree in the foreground, and a mix of architectural styles.

13. Líbere Madrid Malasaña

Malasaña, 1.4 km from Mercado de la Paz

Stephanie

₹14,144

₹15,558 total

includes taxes & fees

7 Sept - 8 Sept

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

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

A modern indoor swimming pool with wooden paneling, lounge chairs, and a view of the outside.

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

14. URSO Hotel & Spa

Justicia, 1.1 km from Mercado de la Paz

Norily

₹50,235

₹55,259 total

includes taxes & fees

6 Sept - 7 Sept

A rooftop terrace with a sofa set, dining table, chairs, and potted plants.

A hotel room with a large bed, a sofa with patterned cushions, a marble-topped table, a television, and a view of buildings through large windows.

A buffet table with various food items and decorative plants.

A modern hotel room with a large glass-enclosed pool, white curtains, and a view of the pool area.

15. Brach Madrid - Evok Collection

Chueca, 1.5 km from Mercado de la Paz

John

₹54,419

₹59,861 total

includes taxes & fees

9 Sept - 10 Sept

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

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.

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

A rooftop terrace with red lounge chairs, a small table, and a potted plant.

16. NH Collection Madrid Colón

Recoletos, 0.3 km from Mercado de la Paz

Cristina

₹32,016

₹35,217 total

includes taxes & fees

6 Sept - 7 Sept

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

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

A spacious lobby with a high ceiling, modern seating arrangements, and large windows allowing natural light.

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

17. ICON Embassy

Recoletos, 0.2 km from Mercado de la Paz

carlos

₹29,264

₹32,191 total

includes taxes & fees

6 Sept - 7 Sept

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 hotel reception area with a circular sign reading "B&B HOTELS" and a reception desk.

18. B&B Hotel Madrid Centro F52

Chueca, 1.4 km from Mercado de la Paz

Marv Louvince

₹14,578

₹16,036 total

includes taxes & fees

6 Sept - 7 Sept

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

A reception area with dark wood paneling, a reception desk, and pendant lighting.

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

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

19. Tótem Madrid Hotel

Recoletos, 0.2 km from Mercado de la Paz

Nicolas

₹36,918

₹40,610 total

includes taxes & fees

6 Sept - 7 Sept

A hotel room with a large bed, a balcony with a view of a building, and a painting on the wall.

A narrow, well-lit hallway with a staircase on the left and a fire extinguisher on the right.

A building facade with a wooden door, a window with a colorful flag, and a wall with graffiti.

A reception desk with a wooden panel design, a large illuminated 'W' sign, and a laptop on the desk.

20. Woohoo Rooms Fuencarral

Malasaña, 1.4 km from Mercado de la Paz

SAMER

₹13,480

₹14,828 total

includes taxes & fees

9 Sept - 10 Sept

View all properties

Compare popular hotels close to Mercado de la Paz

Property	Property class	Guest rating
Mercer Madrid	10.0 Exceptional 11 reviews	View
Relais & Châteaux Heritage Madrid	9.8 Exceptional 606 reviews	View
Only YOU Boutique Hotel	9.8 Exceptional 1,005 reviews	View
Relais & Châteaux Hotel Orfila	9.8 Exceptional 581 reviews	View
Rosewood Villa Magna	9.8 Exceptional 151 reviews	View

Top Mercado de la Paz Hotel Reviews

Hotel Riu Plaza España

10/10 Excellent

"Fantastic staff, great food & drinks, roof top bar is amazing"

Urban Hive Madrid

10/10 Excellent

"Urban Hive is an excellent hotel. Recently renovated so everything is new and exceptionally clean. The staff are wonderful and always willing to help. The pool area is lovely with amazing views. It was most welcome to find a proper shower by the pool that we could use to freshen up and change before heading to the airport. Only a few minutes walk to Gran Via and 3 metro stations very close by. There is a supermarket just around the corner. We would definitely return and would highly recommend to others."

Petit Palace President Castellana

10/10 Excellent

"El personal super amable dispuesto a ayudar y resolver cualquier inconveniente. La ubicación inmejorable. Aunque está bajo renovación no causa mayores molestias."

Live It Gran Via

10/10 Excellent

"Everything impeccable"

H10 Puerta de Alcalá 4* Sup

10/10 Excellent

"Excelente hotel"

Hotel Regina

10/10 Excellent

"Clean eooms. Honestly the complimentary breakfast was the highlight for me. Definitely would return for that. Low light was having issues with the room key constantly not working and having to get it reprogrammed each day, quite annoying."

Hotel Único Madrid - Small Luxury Hotels

10/10 Excellent

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

ICON Embassy

10/10 Excellent

"Everything amazing!! Will go back."

Only YOU Boutique Hotel

10/10 Excellent

"The Only You Boutique Hotel in Madrid is a revelation -- as winsome and inviting as the city it calls home. My room was commodious and inviting, with a mattress that provided a wonderful night's rest. The bathroom was well-designed and well-stocked. The staff, including the front desk and breakfast crew, was gracious and solicitous. My one small cavil is the size of the gym -- Lillitputian. Three was definitely a crowd in the cramped gym."

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 culturally rich area, you can savour the lively bars.

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El Corte Inglés

9.6/10 (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.

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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 fascinating museums and acclaimed theatre scene 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 holiday in Madrid. Experience the acclaimed theatre 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 search for that perfect souvenir at El Jardin de Serrano. Experience the fascinating museums and acclaimed theatre scene 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 storied past, during your travels to Madrid. Discover the acclaimed theatre 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 theatre 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, take a look at the 973 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, ICON Embassy is one of the top choices for your stay based on our traveller data, and this hotel offers a restaurant and a bar. Other good options within a short distance include Only YOU Boutique Hotel and Hotel Gran Versalles.

How many hotels can I expect to find close to Mercado de la Paz?

Expedia has 973 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 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 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.

Search Hotels Near Mercado de la Paz, Madrid

Change your mind

Treat yourself

Be picky

Check prices for these dates

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Our top choices for Mercado de la Paz hotels

1. Mercer Madrid

2. Relais & Châteaux Heritage Madrid

3. Only YOU Boutique Hotel

4. Relais & Châteaux Hotel Orfila

5. Rosewood Villa Magna

6. Mandarin Oriental Ritz, Madrid

7. El Autor Hotel, Madrid, Autograph Collection

8. Tribu Malasaña

9. Barceló Emperatriz

10. Hotel Vincci The Mint

11. Nômade Temple Madrid

12. Wellington Hotel & Spa Madrid

13. Líbere Madrid Malasaña

14. URSO Hotel & Spa

15. Brach Madrid - Evok Collection

16. NH Collection Madrid Colón

17. ICON Embassy

18. B&B Hotel Madrid Centro F52

19. Tótem Madrid Hotel

20. Woohoo Rooms Fuencarral

Compare popular hotels close to Mercado de la Paz

Top Mercado de la Paz Hotel Reviews

Hotel Riu Plaza España

Urban Hive Madrid

Petit Palace President Castellana

Live It Gran Via

H10 Puerta de Alcalá 4* Sup

Hotel Regina

Hotel Único Madrid - Small Luxury Hotels

ICON Embassy

Only YOU Boutique Hotel

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