I stayed in this centrally located (Camphana) apartment hotel in a renovated 16th-century convent in November. The apartment was well-equipped, comfortable – and huge! There is on-site laundry, a communal living room, and a rooftop pool and terrace. Front desk staff were helpful in compiling a 2-day itinerary to maximize my sightseeing time. I walked everywhere. I paid $224CDN/night – but it was off-season.
Apartments available in both Madrid and Spain.