The Best Hotels Closest to Mercado de la Paz in Madrid for 2026

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Our top choices for Mercado de la Paz hotels

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.

A multi-story building with a classical architectural style, featuring balconies, large windows, and a corner location.

1. Mercer Madrid

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

Anna

₩542,756

₩597,032 total

includes taxes & fees

Sep 15 - Sep 16

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

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

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.

2. Only YOU Boutique Hotel

Chueca, 1 km from Mercado de la Paz

sreedhar

₩581,234

₩639,357 total

includes taxes & fees

Sep 30 - Oct 1

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

A luxurious bar area with high stools, a bartender, and a bar counter.

A luxurious dining room with a round table set for a meal, large decorative balls on the floor, and a chandelier.

An outdoor seating area with white furniture and greenery.

3. Mandarin Oriental Ritz, Madrid

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

Aimee

₩1,933,667

₩2,127,034 total

includes taxes & fees

Sep 24 - Sep 25

An outdoor patio with tables and chairs, surrounded by greenery and a decorative wall.

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

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

A spacious lobby with marble flooring, a central dining area, and ornate columns.

4. Relais & Châteaux Hotel Orfila

0.6 km from Mercado de la Paz

Lauren Ami

₩726,982

₩799,681 total

includes taxes & fees

Sep 15 - Sep 16

A modern hotel facade with a prominent entrance, large glass windows, and a purple-lit awning.

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

A modern hotel lobby with a marble reception desk, a bar area, and a seating area with sofas and chairs.

A rooftop terrace with lounge chairs, tables, and an umbrella, overlooking a cityscape.

5. Barceló Emperatriz

1 km from Mercado de la Paz

Omar

₩382,764

₩421,041 total

includes taxes & fees

Oct 4 - Oct 5

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

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

A pool area with lounge chairs and a mural.

A hotel room with a large bed, a bench, a small table with a vase, and a view of a cityscape through a window.

6. Wellington Hotel & Spa Madrid

Recoletos, 0.6 km from Mercado de la Paz

Niloufar

₩878,940

₩966,834 total

includes taxes & fees

Oct 11 - Oct 12

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

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

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.

7. Tribu Malasaña

Malasaña, 1.3 km from Mercado de la Paz

Rachel

₩317,694

₩349,464 total

includes taxes & fees

Sep 21 - Sep 22

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

A narrow street with buildings featuring ornate balconies and a dome structure.

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

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

8. Hotel Vincci The Mint

Justicia, 1.4 km from Mercado de la Paz

Michael

₩421,040

₩463,144 total

includes taxes & fees

Sep 14 - Sep 15

A modern kitchen with wooden cabinets, a central island with chairs, and a large mirror.

A modern hotel room with a sofa, a small table, a mirror, and a dining area with chairs.

A hotel room with a bed, a desk, a chair, a television, and a kitchenette.

A modern hotel room with a wooden dining table, chairs, a lamp, a radio, and a view into the adjacent living area.

9. POSTCODE Chueca

Chueca, 1.3 km from Mercado de la Paz

Pablo

₩541,619

₩595,781 total

includes taxes & fees

Sep 13 - Sep 14

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

A modern living room with a wooden dining table, green chairs, a sofa, and a coffee table. There are framed pictures on the wall, a potted plant, and a lamp.

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

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

10. Líbere Madrid Malasaña

Malasaña, 1.4 km from Mercado de la Paz

Stephanie

₩234,172

₩257,589 total

includes taxes & fees

Sep 28 - Sep 29

An indoor dining area with brick walls, green foliage, and hanging spherical lights. Tables are set with white tablecloths and chairs.

An elevator entrance with ornate black metal railings and a wooden door.

A restaurant with wooden tables and chairs, a brick ceiling, and hanging plants.

A lobby with a marble floor, two potted plants, a reception desk, and a chandelier.

11. Wipton by Petit Palace – formerly known as Icon Wipton

Recoletos, 0.4 km from Mercado de la Paz

Maria

₩561,388

₩617,527 total

includes taxes & fees

Sep 20 - Sep 21

An outdoor café with checkered flooring, outdoor seating, and tables.

A luxurious hotel lobby with ornate decor, a grand chandelier, and a view to the outside.

A grand building with a fountain, surrounded by well-manicured gardens and palm trees.

A grand hallway with ornate columns, a central decorative fountain, and a staircase leading to an upper level.

12. Santo Mauro, a Luxury Collection Hotel, Madrid

0.8 km from Mercado de la Paz

Nina

₩1,325,006

₩1,457,507 total

includes taxes & fees

Sep 23 - Sep 24

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

A rooftop pool area with a clear view of a historic building with a dome in the background.

A wooden door with a number plate, a patterned carpet, and a wooden floor.

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

13. Nômade Temple Madrid

Cortes, 1.5 km from Mercado de la Paz

Zahn

₩801,009

₩881,110 total

includes taxes & fees

Sep 20 - Sep 21

A covered walkway with a glass railing, surrounded by indoor plants and tables with chairs.

A modern hotel room with a large bed, a black tufted sofa, a mural on the wall, and a brick accent wall.

A modern dining area with a long table, cushioned seating, and a unique ceiling light fixture.

A modern interior with a curved ceiling, a seating area with a sofa and chairs, a dining area with a table and chairs, and a large artwork on the wall.

14. Casa Faraona Luxury Residences

Recoletos, 0.8 km from Mercado de la Paz

Camilo

₩577,038

₩634,742 total

includes taxes & fees

Sep 20 - Sep 21

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

A bar area with a modern design, including a pink chair and a marble countertop.

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.

15. NH Collection Madrid Colón

Recoletos, 0.3 km from Mercado de la Paz

Cristina

₩479,164

₩527,081 total

includes taxes & fees

Sep 20 - Sep 21

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

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.

A room with a checkered floor, a large mirror, and a potted plant.

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

16. Relais & Châteaux Heritage Madrid

1 km from Mercado de la Paz

Maria

₩606,046

₩666,651 total

includes taxes & fees

Sep 20 - Sep 21

A balcony with a breakfast setup including croissants, juice, and a glass of water, overlooking a cityscape at sunset.

A hotel room with a balcony, wicker furniture, a white sink, and a view of the cityscape at sunset.

A beach with clear turquoise water and a sandy shore. There are several umbrella-like structures along the beach.

A restaurant with a view of a cityscape at night, featuring tables set with wine glasses and plates, and modern chairs.

17. H10 Puerta de Alcalá 4* Sup

Recoletos, 0.7 km from Mercado de la Paz

Jose Miguel

₩276,436

₩304,084 total

includes taxes & fees

Oct 4 - Oct 5

A rooftop restaurant with tables set for dining, overlooking a cityscape with modern buildings and a clock tower.

A bar area with a black and white patterned floor, wooden paneling, and framed pictures on the walls.

A luxurious lobby with a marble reception desk, comfortable seating, and a bar area.

18. Hotel Fenix Gran Meliá - The Leading Hotels of the World

Recoletos, 0.3 km from Mercado de la Paz

LUISA

₩748,516

₩823,367 total

includes taxes & fees

Sep 27 - Sep 28

A balcony with a table set for breakfast, overlooking a row of buildings with a prominent tower.

A hotel entrance with a large decorative sign, two potted plants, and a red carpet leading to the entrance.

A rooftop terrace with a city view, red seating, and potted plants.

A hotel lobby with wooden paneling, a staircase, and multiple potted plants.

19. NH Collection Madrid Suecia

Huertas, 1.4 km from Mercado de la Paz

Jose

₩402,611

₩442,873 total

includes taxes & fees

Oct 4 - Oct 5

A hotel entrance with a revolving door, a sign for 'El Jardin de Recicloteos', and multiple flags.

An outdoor seating area with a round table, chairs, and a sofa with orange cushions.

A modern hotel lobby with a check-in counter, a chandelier, and a geometric patterned floor.

A spacious lobby with a grand chandelier, a staircase, and a seating area with modern furniture.

20. VP Jardín de Recoletos

Recoletos, 0.7 km from Mercado de la Paz

Pedro Alberto

₩646,453

₩711,090 total

includes taxes & fees

Sep 20 - Sep 21

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Compare popular hotels close to Mercado de la Paz

Property	Property class	Guest rating
Mercer Madrid	10.0 Exceptional 11 reviews	View
Only YOU Boutique Hotel	9.8 Exceptional 1,010 reviews	View
Mandarin Oriental Ritz, Madrid	9.8 Exceptional 169 reviews	View
Relais & Châteaux Hotel Orfila	9.8 Exceptional 581 reviews	View
Barceló Emperatriz	9.6 Exceptional 1,260 reviews	View

Top Mercado de la Paz Hotel Reviews

ICON Embassy

8/10 Good

"The location is excellent! Breakfast, food very expensive, but around the hotel there are places with good choices. Staff at the reception not too friendly, specially the lady in the morning, the rest of them was good. I will give the night shift a 5 star, excellent at customer service."

NH Madrid Lagasca

8/10 Good

"Ubicación excelente, muy buena limpieza y staff amable"

Hotel Regina

10/10 Excellent

"This hotel is 100% highly recommended. Price is a steal with breakfast for 2 included. Location is perfect close to restaurants (5-10min walk) but away enough to be quiet and safe. Staff accommodations was absolutely top notch, from front desk to breakfast restaurant team. The breakfast team was very accommodating and making great recommendations. Room is clean and good size and amenities are nice (Nespresso coffee, Dyson hair dryer, etc ). Bathroom has good water pressures and hot water is perfect. AC is working great given outside temp was in the 90s really helped. We will definitely come b.ck again next time we are in Madrid. Check out my pics."

Only YOU Boutique Hotel

10/10 Excellent

"Great place in a perfect location. Will definitely come back."

Urban Hive Madrid

8/10 Good

"Overall a v good stay. Location, and the roof top pool is excellent. Staff is friendly and efficient. The breakfast is good (apart from the "scramble egs", which are powder made and unacceptable at this price point. Yes I know you can order omelette instead but still) but could do with more variety one fay to the next. The bread and pastries were fresh and v nice. The hotel is on the expensive side too."

Pestana CR7 Gran Vía Madrid

8/10 Good

"Clean rooms"

Hotel Gran Versalles

10/10 Excellent

"Rooms were clean, staff accommodating. Hotel is conveniently located, just minutes from restaurants, shopping, metro and attractions. Recommend."

Hotel Único Madrid - Small Luxury Hotels

10/10 Excellent

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

Rosewood Villa Magna

10/10 Excellent

"Excellent hotel and staff."

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 walkable area, you can savor the lively bars.

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El Corte Inglés

9.6/10 (25 reviews)

You can do some window-shopping at El Corte Inglés during your visit 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 acclaimed theater scene and fascinating museums 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 trip to Madrid. Experience the acclaimed theater 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 find the perfect gifts to bring home at El Jardin de Serrano. Experience the acclaimed art scene and fascinating museums 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 story of its own, during your travels to Madrid. Discover the acclaimed theater 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 theater 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, check out the 986 hotels and other accommodations you'll find within a mile.

Where is the best place to stay near Mercado de la Paz?

Adjacent to Mercado de la Paz, BLESS Madrid - The Leading Hotels of the World is one of the top choices for your stay based on our traveler data, and this hotel offers a full-service spa and 2 restaurants. Other good options within a short distance include Only YOU Boutique Hotel and Wellington Hotel & Spa Madrid.

How many hotels will I be able to find near Mercado de la Paz?

Expedia has 986 hotels and other accommodations 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 room reservations are refundable if you cancel prior to the hotel's cancellation deadline, which is usually within 24-48 hours of your check-in date. If you booked a non-refundable reservation, you might be able to cancel it and receive a refund within 24 hours of booking. Add dates, click "Search", then use the "fully refundable" filter to get the best options available near Mercado de la Paz.

Where can I learn more about changing or cancelling my trip in the area near Mercado de la Paz?

For more information about changing or cancelling your stay near Mercado de la Paz, go to https://www.expedia.com/service/.

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 transportation options, seeing the area around Mercado de la Paz is a breeze. Walk to nearby metro stations like Serrano Station, Velazquez Station, and Nunez de Balboa Station. If you want to explore the larger area, ride aboard one of the trains from Madrid Recoletos Station.

Find hotels near Mercado de la Paz, Madrid from ₩257,589

Change your mind

Treat yourself

Be picky

Check prices for these dates

Filter by

Star rating

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Our top choices for Mercado de la Paz hotels

1. Mercer Madrid

2. Only YOU Boutique Hotel

3. Mandarin Oriental Ritz, Madrid

4. Relais & Châteaux Hotel Orfila

5. Barceló Emperatriz

6. Wellington Hotel & Spa Madrid

7. Tribu Malasaña

8. Hotel Vincci The Mint

9. POSTCODE Chueca

10. Líbere Madrid Malasaña

11. Wipton by Petit Palace – formerly known as Icon Wipton

12. Santo Mauro, a Luxury Collection Hotel, Madrid

13. Nômade Temple Madrid

14. Casa Faraona Luxury Residences

15. NH Collection Madrid Colón

16. Relais & Châteaux Heritage Madrid

17. H10 Puerta de Alcalá 4* Sup

18. Hotel Fenix Gran Meliá - The Leading Hotels of the World

19. NH Collection Madrid Suecia

20. VP Jardín de Recoletos

Compare popular hotels close to Mercado de la Paz

Top Mercado de la Paz Hotel Reviews

ICON Embassy

NH Madrid Lagasca

Hotel Regina

Only YOU Boutique Hotel

Urban Hive Madrid

Pestana CR7 Gran Vía Madrid

Hotel Gran Versalles

Hotel Único Madrid - Small Luxury Hotels

Rosewood Villa Magna

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