Find hotels near Mercado de la Paz, Madrid from ₩198,786

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Dec 18 - Dec 19
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Dec 19 - Dec 20
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Dec 19 - Dec 21
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Our top choices for Mercado de la Paz hotels

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 ₩492,179
₩818,848 total
includes taxes & fees
Jan 8 - Jan 9, 2026
Ayala 63
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, (1006)
"Beautiful hotel, incredibly friendly and helpful staff, great location and nice breakfast."
United States
Brooke
The price is ₩434,131
₩477,544 total
includes taxes & fees
Jan 5 - Jan 6, 2026
Only YOU Boutique Hotel
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, (565)
"“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 ₩707,942
₩778,737 total
includes taxes & fees
Dec 25 - Dec 26
Relais & Châteaux Heritage Madrid
Restaurant
Mandarin Oriental Ritz, Madrid

Mandarin Oriental Ritz, Madrid

Mandarin Oriental Ritz, Madrid
5.0 star property
Golden Triangle of Art, 1.5 km from Mercado de la Paz
9.8 out of 10, Exceptional, (132)
"This is not only a hotel is an amazing experience 10/10 "
Mexico
Jose
The price is ₩1,907,403
₩2,098,143 total
includes taxes & fees
Dec 24 - Dec 25
Mandarin Oriental Ritz, 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, (655)
"Brakefast and employees are the best, hotel is nice , clean y best locations "
United States
Juan Pablo
The price is ₩297,933
₩327,727 total
includes taxes & fees
Dec 22 - Dec 23
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, (104)
"Everything excellent "
United States
EMILIO
The price is ₩1,889,643
₩2,078,607 total
includes taxes & fees
Jan 17 - Jan 18, 2026
Rosewood Villa Magna
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 ₩958,036
₩1,053,840 total
includes taxes & fees
Dec 21 - Dec 22
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, (485)
"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 ₩529,648
₩582,613 total
includes taxes & fees
Jan 11 - Jan 12, 2026
URSO Hotel & Spa
Balcony view
Hotel Vincci The Mint

Hotel Vincci The Mint

Hotel Vincci The Mint
4.0 star property
1.4 km from Mercado de la Paz
9.6 out of 10, Exceptional, (1001)
"Very nice hotel, staff very helpful "
United Kingdom
Ahmed
The price is ₩260,100
₩286,110 total
includes taxes & fees
Dec 21 - Dec 22
Hotel Vincci The Mint
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, (1003)
"Great hotel, the breakfast is amazing and the room was super clean. "
United States
Francois
The price is ₩324,731
₩357,204 total
includes taxes & fees
Dec 22 - Dec 23
NH Collection Madrid Colón
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, (950)
"Great location. "
United States
Anabel
The price is ₩255,371
₩280,908 total
includes taxes & fees
Dec 21 - Dec 22
ICON Embassy
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 ₩539,119
₩593,031 total
includes taxes & fees
Jan 11 - Jan 12, 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, (341)
"Great location "
United States
valentina
The price is ₩263,741
₩290,115 total
includes taxes & fees
Dec 21 - Dec 22
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)
"Great place "
United States
Isaac Luis
The price is ₩622,663
₩684,931 total
includes taxes & fees
Jan 14 - Jan 15, 2026
Wellington Hotel & Spa Madrid
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, (709)
"Great stay! "
United States
Saray
The price is ₩188,514
₩207,362 total
includes taxes & fees
Jan 18 - Jan 19, 2026
VP Madroño
Superior Double Room | In-room safe, soundproofing, iron/ironing board, free WiFi
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, (541)
"Staff were very friendly and helpful. This location is close to all downtown areas."
United States
Afshin
The price is ₩226,997
₩249,697 total
includes taxes & fees
Dec 25 - Dec 26
B&B Hotel Madrid Centro F52
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 ₩281,541
₩309,695 total
includes taxes & fees
Dec 21 - Dec 22
60 Balconies Design
Luxury Room | Premium bedding, in-room safe, desk, laptop workspace
Tribu Malasaña

Tribu Malasaña

Tribu Malasaña
3.0 star property
Malasaña, 1.3 km from Mercado de la Paz
9.4 out of 10, Exceptional, (236)
"Great room and staff and location. "
Australia
Mat
The price is ₩180,715
₩198,786 total
includes taxes & fees
Dec 23 - Dec 24
Tribu Malasaña
Room amenity
NH Collection Madrid Suecia

NH Collection Madrid Suecia

NH Collection Madrid Suecia
5.0 star property
Huertas, 1.4 km from Mercado de la Paz
9.4 out of 10, Exceptional, (1000)
"Very cozy hotel. Staff very friendly and helpful. Enjoyed our stay. Will definitely return. "
Canada
Claudia
The price is ₩297,649
₩327,414 total
includes taxes & fees
Jan 11 - Jan 12, 2026
NH Collection Madrid Suecia
Egyptian cotton sheets, premium bedding, minibar, in-room safe
The Principal Madrid, Small Luxury Hotels

The Principal Madrid, Small Luxury Hotels

The Principal Madrid, Small Luxury Hotels
5.0 star property
Chueca, 1.3 km from Mercado de la Paz
9.4 out of 10, Exceptional, (963)
"Excellent location"
United States
Lauren
The price is ₩522,566
₩574,822 total
includes taxes & fees
Dec 21 - Dec 22
The Principal Madrid, Small Luxury Hotels
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.
View all properties

Top Mercado de la Paz Hotel Reviews

Hard Rock Hotel Madrid

Hard Rock Hotel Madrid

10/10 Excellent
"Yes"
JEAN 2-night trip
Posted 2 days ago
Hard Rock Hotel Madrid

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 savor the lively bars.
See properties

El Corte Inglés

4.8/5 (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.
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, check out the 1179 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, Petit Palace President Castellana is one of the top choices for your stay based on our traveler data, and this hotel offers free WiFi and a 24-hour business center. Other good options within a short distance include Novotel Madrid Center and Atipico Madrid.
How many hotels will I be able to find near Mercado de la Paz?
Expedia has 1179 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 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 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.