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 hotel room with two beds, a wooden desk, and a large mirror on the wall.

A living room with a flat-screen TV mounted on the wall, a sofa with patterned cushions, a coffee table with a bottle of wine, and a bookshelf with books and a lamp.

Three black doors with metal handles and a red sign above them.

A street scene with pedestrians, a Metro sign, and buildings with classical architecture.

1. Aparthoteltribunal

Malasaña, 1.3 km from Mercado de la Paz

Maria

฿4,327

฿4,760 total

includes taxes & fees

10 Nov - 11 Nov

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

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

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

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

rafael

฿11,753

฿12,928 total

includes taxes & fees

2 Nov - 3 Nov

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

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

A modern interior with a unique hanging sculpture.

3. Mercer Madrid

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

Jennifer

฿12,470

฿13,717 total

includes taxes & fees

15 Nov - 16 Nov

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

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

4. Relais & Châteaux Hotel Orfila

Almagro, 0.6 km from Mercado de la Paz

CARLOS

฿13,837

฿15,220 total

includes taxes & fees

15 Nov - 16 Nov

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

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.

A modern bar area with seating and a bar counter.

5. Rosewood Villa Magna

0.4 km from Mercado de la Paz

Diego Enrique

฿42,119

฿46,330 total

includes taxes & fees

14 Nov - 15 Nov

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

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

A hotel corridor with a buffet area, wooden cabinets, and a chandelier.

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

6. Only YOU Boutique Hotel

Chueca, 1 km from Mercado de la Paz

Katrina

฿12,607

฿13,867 total

includes taxes & fees

15 Nov - 16 Nov

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.

7. Barceló Emperatriz

1 km from Mercado de la Paz

Kathy

฿8,056

฿8,862 total

includes taxes & fees

15 Nov - 16 Nov

A rooftop terrace with outdoor seating, a table, and a lamp.

A spacious dining area with multiple tables and chairs, large windows, and a high ceiling with skylights.

A historic hotel with a prominent dome and ornate balconies.

A modern living room with a sofa, coffee table, and a staircase leading to a bar area labeled "The Library Lounge".

8. Sardinero Madrid

0.9 km from Mercado de la Paz

Hector

฿6,491

฿7,140 total

includes taxes & fees

1 Nov - 2 Nov

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 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.

A room with a view of a building with a blue roof and statues.

9. Casa Faraona Luxury Residences

Recoletos, 0.8 km from Mercado de la Paz

Raquel

฿14,093

฿15,502 total

includes taxes & fees

1 Nov - 2 Nov

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

A modern hotel room with a large bed, a sitting area with a chair, a television, and a mirror.

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

Recoletos, 0.4 km from Mercado de la Paz

Maria

฿9,470

฿10,417 total

includes taxes & fees

15 Nov - 16 Nov

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 modern living room with a sofa, a coffee table, a TV, and a kitchen area with cabinets and a coffee machine.

11. Tribu Malasaña

Malasaña, 1.3 km from Mercado de la Paz

Tazrina

฿5,504

฿6,054 total

includes taxes & fees

9 Nov - 10 Nov

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

A pool area with lounge chairs and a mural.

12. Wellington Hotel & Spa Madrid

Recoletos, 0.6 km from Mercado de la Paz

Niloufar

฿15,374

฿16,911 total

includes taxes & fees

15 Nov - 16 Nov

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

A checkered outdoor patio with seating, a bar area, and a staircase leading to an upper level.

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.

13. Santo Mauro, a Luxury Collection Hotel, Madrid

Almagro, 0.8 km from Mercado de la Paz

Nina

฿28,186

฿31,004 total

includes taxes & fees

13 Nov - 14 Nov

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

A modern interior with a glass staircase, wooden shelves with books, and a seating area with a patterned ottoman.

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

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

14. URSO Hotel & Spa

1.1 km from Mercado de la Paz

Navdeep

฿13,806

฿15,186 total

includes taxes & fees

2 Nov - 3 Nov

A hallway with a checkered floor, mirrored walls, and modern lighting fixtures.

A modern indoor seating area with wicker furniture, a glass partition, and a potted plant.

A hallway with a reception desk, framed artwork on the walls, and a staircase leading to another level.

A hotel room with a bed, a glass table, a wicker chair, and a large window with blinds.

15. Libertad 24

Chueca, 1.2 km from Mercado de la Paz

Rafael

฿7,184

฿7,184 total

includes taxes & fees

12 Nov - 13 Nov

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

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

A rooftop pool area with lounge chairs and a city view.

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

16. H10 Puerta de Alcalá 4* Sup

Recoletos, 0.7 km from Mercado de la Paz

Luis

฿6,662

฿7,328 total

includes taxes & fees

9 Nov - 10 Nov

A modern indoor dining area with tables and chairs, a large abstract sculpture, and a glass ceiling.

A modern kitchen with wooden cabinets, white countertops, and built-in shelves for dishes and utensils.

A modern lobby with marble flooring, two armchairs, a coffee table, and a large wall mural.

A multi-story building with a modern architectural style, surrounded by lush greenery including palm trees.

17. VP SOGNIO Madroño

1.1 km from Mercado de la Paz

Bianca

฿6,356

฿6,992 total

includes taxes & fees

9 Nov - 10 Nov

A staircase with a wooden handrail and metal balusters, decorated with string lights.

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.

A rooftop terrace with white cushioned seating and a vertical garden wall.

18. B&B Hotel Madrid Centro F52

Chueca, 1.4 km from Mercado de la Paz

Angie

฿5,413

฿5,954 total

includes taxes & fees

10 Nov - 11 Nov

A rooftop terrace with lounge chairs, a table with champagne, and a view of a modern building with a glass entrance.

A modern living room with a flat-screen TV, a sofa, a coffee table, and a view of the city through large windows.

A modern living room with a dining area, large windows, and a view of the city.

A modern hotel room with a large bed, a TV, a bench, a nightstand with a lamp, and a view of the city through the window.

19. Hyatt Regency Madrid Residences

1.1 km from Mercado de la Paz

Allison

฿11,377

฿12,514 total

includes taxes & fees

15 Nov - 16 Nov

A hotel entrance with a glass door, a staircase, and decorative lighting.

A building with a brick facade, a balcony with wrought iron railings, and a glass entrance door.

A breakfast table with a variety of food items and drinks, two upholstered chairs, and a view of the outside through a window with a balcony.

A hotel room with a large bed, bedside tables, a desk with a lamp, and a view of the outside.

20. One Shot Recoletos

Recoletos, 0.9 km from Mercado de la Paz

Nicole

฿6,060

฿6,667 total

includes taxes & fees

9 Nov - 10 Nov

View all properties

Compare popular hotels close to Mercado de la Paz

Property	Property class	Guest rating
Aparthoteltribunal	9.8 Exceptional 41 reviews	View
Relais & Châteaux Heritage Madrid	9.8 Exceptional 619 reviews	View
Mercer Madrid	9.8 Exceptional 30 reviews	View
Relais & Châteaux Hotel Orfila	9.8 Exceptional 588 reviews	View
Rosewood Villa Magna	9.8 Exceptional 156 reviews	View

Top Mercado de la Paz Hotel Reviews

Wellington Hotel & Spa Madrid

10/10 Excellent

"Loved the hotel and perfect location"

Novotel Madrid Center

10/10 Excellent

"Great location, close to good cafes, bars, metro and restaurants. Convenient to get to airport"

Hotel Gran Versalles

10/10 Excellent

"Exelente en todo me encanto y esta serca de todo 100 recommendado"

Wipton by Petit Palace – formerly known as Icon Wipton

10/10 Excellent

"La localización es inmejorable y el staff de abajo es genial, muy especial y atento. Además, el acceso al restaurante es excelente. Sin duda volvería."

Hotel Serrano

10/10 Excellent

"Great short stay in a great location."

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 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 acclaimed theatre 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 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 acclaimed art galleries 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 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 987 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, BLESS Madrid - The Leading Hotels of the World is one of the top choices for your stay based on our traveller data, and this hotel offers a full-service spa and 2 restaurants. Other good options within a short distance include Embassy by Petit Palace – formerly known as Icon Embassy and Petit Palace President Castellana.

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

Expedia has 987 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 Thyssen-Bornemisza National Museum, National Prado Museum and CaixaForum Madrid. National Library, Calle de Alcalá and Church of Santa Barbara of the Salesas Reales 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

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Our top choices for Mercado de la Paz hotels

1. Aparthoteltribunal

2. Relais & Châteaux Heritage Madrid

3. Mercer Madrid

4. Relais & Châteaux Hotel Orfila

5. Rosewood Villa Magna

6. Only YOU Boutique Hotel

7. Barceló Emperatriz

8. Sardinero Madrid

9. Casa Faraona Luxury Residences

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

11. Tribu Malasaña

12. Wellington Hotel & Spa Madrid

13. Santo Mauro, a Luxury Collection Hotel, Madrid

14. URSO Hotel & Spa

15. Libertad 24

16. H10 Puerta de Alcalá 4* Sup

17. VP SOGNIO Madroño

18. B&B Hotel Madrid Centro F52

19. Hyatt Regency Madrid Residences

20. One Shot Recoletos

Compare popular hotels close to Mercado de la Paz

Top Mercado de la Paz Hotel Reviews

Wellington Hotel & Spa Madrid

Novotel Madrid Center

Hotel Gran Versalles

Wipton by Petit Palace – formerly known as Icon Wipton

Hotel Serrano

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