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

A modern interior with a unique hanging sculpture.

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

1. Mercer Madrid

Golden Triangle of Art, 0.8 mi from Mercado de la Paz

Ghazi

£312

includes taxes & fees

28 Oct - 29 Oct

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

A hotel entrance with a wooden door, glass panels, and a black mat.

2. El Autor Hotel, Madrid, Autograph Collection

Huertas, 0.9 mi from Mercado de la Paz

Carol

£317

includes taxes & fees

2 Nov - 3 Nov

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

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

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

A grand entrance with a wrought iron gate, a chandelier, and a set of double doors.

3. Relais & Châteaux Hotel Orfila

Almagro, 0.4 mi from Mercado de la Paz

CARLOS

£312

includes taxes & fees

11 Nov - 12 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.

4. Rosewood Villa Magna

0.2 mi from Mercado de la Paz

Diego Enrique

£884

includes taxes & fees

9 Nov - 10 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 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.

5. Relais & Châteaux Heritage Madrid

0.6 mi from Mercado de la Paz

Kirk

£291

includes taxes & fees

2 Nov - 3 Nov

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.

An outdoor seating area with white furniture and greenery.

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

6. Mandarin Oriental Ritz, Madrid

Golden Triangle of Art, 0.9 mi from Mercado de la Paz

Aimee

£860

includes taxes & fees

10 Nov - 11 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 bedroom with a large bed, a bookshelf, and a small table with a vase of flowers.

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

7. Only YOU Boutique Hotel

Chueca, 0.7 mi from Mercado de la Paz

Katrina

£298

includes taxes & fees

10 Nov - 11 Nov

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

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

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

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

8. POSTCODE Chueca

Chueca, 0.8 mi from Mercado de la Paz

Jenny

£331

includes taxes & fees

15 Oct - 16 Oct

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

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

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

9. Casa Faraona Luxury Residences

Recoletos, 0.5 mi from Mercado de la Paz

Raquel

£419

includes taxes & fees

1 Nov - 2 Nov

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

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.

A modern lounge area with a fireplace, purple sofas, and round tables.

10. Barceló Emperatriz

0.6 mi from Mercado de la Paz

Kathy

£193

includes taxes & fees

1 Nov - 2 Nov

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

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

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

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.

11. Tribu Malasaña

Malasaña, 0.8 mi from Mercado de la Paz

Tazrina

£121

includes taxes & fees

10 Nov - 11 Nov

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 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.

12. Líbere Madrid Malasaña

Malasaña, 0.9 mi from Mercado de la Paz

Darshan

£151

includes taxes & fees

10 Nov - 11 Nov

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

A hallway with a dining table and chairs, a cushioned seating area, and a view through a glass door.

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

A buffet table with various food items and decorative plants.

13. Brach Madrid - Evok Collection

Chueca, 0.9 mi from Mercado de la Paz

Anas

£433

includes taxes & fees

9 Nov - 10 Nov

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

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.

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

14. Hotel Vincci The Mint

0.9 mi from Mercado de la Paz

Eduardo

£189

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

15. Wellington Hotel & Spa Madrid

Recoletos, 0.4 mi from Mercado de la Paz

Niloufar

£406

includes taxes & fees

11 Nov - 12 Nov

An outdoor seating area with multiple tables and chairs, surrounded by potted plants and umbrellas.

A hotel lobby with a checkered floor, a staircase, and a reception desk.

A formal dining room with multiple tables, elegant chandeliers, and classic decor.

The entrance of Hotel Único with a sign indicating it is part of the El Patio de Claudio.

16. Hotel Único Madrid - Small Luxury Hotels

Recoletos, < 0.1 mi from Mercado de la Paz

Thomas

£368

includes taxes & fees

11 Nov - 12 Nov

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

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

A hotel entrance with a glass door, a staircase, and a sign reading "HOTEL TÔTEM MADRID".

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

17. Tótem Madrid Hotel

Recoletos, < 0.1 mi from Mercado de la Paz

Nicolas

£326

includes taxes & fees

9 Nov - 10 Nov

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

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

A modern lobby with a marble reception desk, seating area with sofas and tables, a staircase, and a large plant.

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

18. Embassy by Petit Palace – formerly known as Icon Embassy

Recoletos, 0.1 mi from Mercado de la Paz

carlos

£211

includes taxes & fees

9 Nov - 10 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 dining area, large windows, and a view of the city.

A modern kitchen with wooden cabinets, stainless steel appliances, and a large island.

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

0.7 mi from Mercado de la Paz

Allison

£274

includes taxes & fees

10 Nov - 11 Nov

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

A modern interior with a staircase, a red carpet, and a wooden bookshelf.

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

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, 0.6 mi from Mercado de la Paz

Nicole

£146

includes taxes & fees

9 Nov - 10 Nov

View all properties

Compare popular hotels close to Mercado de la Paz

Property	Property class	Guest rating
Mercer Madrid	10.0 Exceptional 28 reviews	View
El Autor Hotel, Madrid, Autograph Collection	9.8 Exceptional 40 reviews	View
Relais & Châteaux Hotel Orfila	9.8 Exceptional 587 reviews	View
Rosewood Villa Magna	9.8 Exceptional 155 reviews	View
Relais & Châteaux Heritage Madrid	9.8 Exceptional 617 reviews	View

Hotels recommended for families near Mercado de la Paz

Tótem Madrid Hotel

Salamanca

£326

includes taxes & fees

9 Nov - 10 Nov

Embassy by Petit Palace – formerly known as Icon Embassy

Salamanca

£211

includes taxes & fees

9 Nov - 10 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 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.

H10 Puerta de Alcalá 4* Sup

Salamanca

£173

includes taxes & fees

1 Nov - 2 Nov

A hotel facade with balconies, a sign reading "CATALONIA GYM," and a flower display.

A modern hotel room with a large bed, a flat-screen TV mounted on the wall, a desk with a chair, and a sliding glass door leading to a balcony.

A modern outdoor seating area with wooden tables and metal chairs, surrounded by lush greenery and potted plants.

A hotel entrance with a floral wall, a spherical chandelier, and a black doormat.

Catalonia Goya

Salamanca

£195

includes taxes & fees

1 Nov - 2 Nov

A modern dining area with a round table set for six, surrounded by wicker chairs, large windows with city views, and potted plants.

A modern living room with a sofa, ottoman, and dining table with chairs.

A hotel room with a bed, a desk, a chair, a mirror, and a view of the city.

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

Hotel Vincci SoMa

Salamanca

£147

includes taxes & fees

18 Oct - 19 Oct

A modern dining area with glass tables and wooden chairs, a chandelier, and Star Wars-themed wall art.

A modern living room with a white sofa, leather cushions, a glass coffee table, and a large framed picture on the wall.

A modern interior with a central white sofa, a patterned floor, and a wall with abstract art and text.

A modern lobby with a staircase, a black leather chair, and wall art depicting birds and trees.

Dormirdcine Cooltural Rooms

Salamanca

£111

includes taxes & fees

1 Nov - 2 Nov

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

A grand staircase with a red carpet, a chandelier, and a dining area with a table and chairs.

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.

Hotel Fenix Gran Meliá - The Leading Hotels of the World

Salamanca

£427

includes taxes & fees

1 Nov - 2 Nov

Wellington Hotel & Spa Madrid

Salamanca

£406

includes taxes & fees

11 Nov - 12 Nov

Top Mercado de la Paz Hotel Reviews

Hotel Riu Plaza España

10/10 Excellent

"Wonderful stay at the Riu. The staff always ready to help, the breakfast amazing, the room comfortable with an amazing view of Plaza de España and lastly the rooftop magnificent with 360 views of Madrid!"

Hotel Gran Versalles

10/10 Excellent

"Excellent"

Latroupe Prado

8/10 Good

"."

H10 Puerta de Alcalá 4* Sup

10/10 Excellent

"Very well situated"

NH Collection Madrid Colón

10/10 Excellent

"This is the ideal hotel to stay when visiting Madrid! It is located in one of the most beautiful neighborhoods, an easy walk to some of the best museums, surrounded by the best boutiques and restaurants. The rooms are on the small side. But they have everything you need for a perfect rest: a comfortable bed (in our case a very big king size bed), a roomy bathroom, everything is very modern and clean. The staff was always helpful and friendly. We will be staying there again on our next visit to Madrid!"

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."

Tótem Madrid Hotel

10/10 Excellent

"Love this hotel. Small and lovely"

Hotel Fenix Gran Meliá - The Leading Hotels of the World

10/10 Excellent

"Level 7 lounge was Exelent"

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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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. El Autor Hotel, Madrid, Autograph Collection

3. Relais & Châteaux Hotel Orfila

4. Rosewood Villa Magna

5. Relais & Châteaux Heritage Madrid

6. Mandarin Oriental Ritz, Madrid

7. Only YOU Boutique Hotel

8. POSTCODE Chueca

9. Casa Faraona Luxury Residences

10. Barceló Emperatriz

11. Tribu Malasaña

12. Líbere Madrid Malasaña

13. Brach Madrid - Evok Collection

14. Hotel Vincci The Mint

15. Wellington Hotel & Spa Madrid

16. Hotel Único Madrid - Small Luxury Hotels

17. Tótem Madrid Hotel

18. Embassy by Petit Palace – formerly known as Icon Embassy

19. Hyatt Regency Madrid Residences

20. One Shot Recoletos

Compare popular hotels close to Mercado de la Paz

Hotels recommended for families near Mercado de la Paz

Tótem Madrid Hotel

Embassy by Petit Palace – formerly known as Icon Embassy

H10 Puerta de Alcalá 4* Sup

Catalonia Goya

Hotel Vincci SoMa

Dormirdcine Cooltural Rooms

Hotel Fenix Gran Meliá - The Leading Hotels of the World

Wellington Hotel & Spa Madrid

Top Mercado de la Paz Hotel Reviews

Hotel Riu Plaza España

Hotel Gran Versalles

Latroupe Prado

H10 Puerta de Alcalá 4* Sup

NH Collection Madrid Colón

Wipton by Petit Palace – formerly known as Icon Wipton

Tótem Madrid Hotel

Hotel Fenix Gran Meliá - The Leading Hotels of the World

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