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 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

Ghazi

10.753.575 ₫

11.828.932 ₫ total

includes taxes & fees

18 Oct - 19 Oct

A modern living room with a fireplace, two sofas, a coffee table, and a bookshelf with books and decorative items.

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

A staircase with black steps leading to a wooden door with intricate metalwork.

A view through a window with a metal railing, looking out at a row of buildings with balconies.

2. El Autor Hotel, Madrid, Autograph Collection

Huertas, 1.5 km from Mercado de la Paz

Carol

9.944.378 ₫

10.938.816 ₫ total

includes taxes & fees

2 Nov - 3 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 building with a large glass facade, a reflective water feature, and a covered entrance area.

3. Rosewood Villa Magna

0.4 km from Mercado de la Paz

Diego Enrique

28.370.726 ₫

31.207.799 ₫ total

includes taxes & fees

1 Nov - 2 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.

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

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

4. Relais & Châteaux Hotel Orfila

Almagro, 0.6 km from Mercado de la Paz

Maria

11.965.161 ₫

13.161.677 ₫ total

includes taxes & fees

8 Oct - 9 Oct

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

An outdoor seating area with white furniture and 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.

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

5. Mandarin Oriental Ritz, Madrid

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

Aimee

32.127.966 ₫

35.340.763 ₫ total

includes taxes & fees

26 Oct - 27 Oct

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

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

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.

6. Only YOU Boutique Hotel

Chueca, 1 km from Mercado de la Paz

Katrina

9.811.432 ₫

10.792.575 ₫ total

includes taxes & fees

1 Nov - 2 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 checkered floor, a large mirror, and a potted plant.

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.

7. Relais & Châteaux Heritage Madrid

1 km from Mercado de la Paz

Kirk

9.146.723 ₫

10.061.396 ₫ total

includes taxes & fees

2 Nov - 3 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 modern hotel room with a large bed, a sitting area with a chair, a television, and a mirror.

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

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

Recoletos, 0.4 km from Mercado de la Paz

Maria

10.180.051 ₫

11.198.056 ₫ total

includes taxes & fees

18 Oct - 19 Oct

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 multi-story building with balconies, a tree in the foreground, and a mix of architectural styles.

9. Líbere Madrid Malasaña

Malasaña, 1.4 km from Mercado de la Paz

Darshan

5.866.438 ₫

6.453.082 ₫ total

includes taxes & fees

29 Oct - 30 Oct

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

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

10. Santo Mauro, a Luxury Collection Hotel, Madrid

Almagro, 0.8 km from Mercado de la Paz

Nina

21.905.431 ₫

24.095.975 ₫ total

includes taxes & fees

1 Nov - 2 Nov

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 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

Nelson

4.283.527 ₫

4.711.880 ₫ total

includes taxes & fees

2 Nov - 3 Nov

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

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

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

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

12. URSO Hotel & Spa

1.1 km from Mercado de la Paz

Navdeep

10.984.018 ₫

12.082.419 ₫ total

includes taxes & fees

2 Nov - 3 Nov

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

A buffet table with various food items and decorative plants.

A hotel room with a large bed, a sofa with patterned cushions, a marble-topped table, a television, and a view of buildings through large windows.

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

13. Brach Madrid - Evok Collection

Chueca, 1.5 km from Mercado de la Paz

Anas

14.328.945 ₫

15.761.839 ₫ total

includes taxes & fees

1 Nov - 2 Nov

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

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

A row of historic buildings with ornate facades, large windows, and balconies.

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

14. Hotel Vincci The Mint

1.4 km from Mercado de la Paz

Eduardo

7.224.298 ₫

7.946.727 ₫ total

includes taxes & fees

2 Nov - 3 Nov

A balcony with a table holding a bottle of champagne, a silver pot, and a plate with macarons and berries.

A modern bar area with a curved counter, shelves with bottles, and hanging pendant lights.

A modern hotel room with a large bed, a seating area with a sofa and armchairs, and a staircase with a decorative railing.

A rooftop restaurant with tables set for dining, large windows offering city views, and a decorative ceiling.

15. NH Collection Madrid Gran Vía

Sol, 1.6 km from Mercado de la Paz

Juan

10.050.735 ₫

11.055.809 ₫ total

includes taxes & fees

27 Oct - 28 Oct

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

A pool area with a pergola, umbrellas, and potted plants.

A hotel lobby with a bar area, seating arrangements, and a view of the street.

A corner building with ornate balconies, decorative tiles, and classical architectural elements.

16. Nômade Temple Madrid

Cortes, 1.5 km from Mercado de la Paz

Maan

16.086.494 ₫

17.695.144 ₫ total

includes taxes & fees

21 Oct - 22 Oct

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

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

A pool area with lounge chairs and a mural.

17. Wellington Hotel & Spa Madrid

Recoletos, 0.6 km from Mercado de la Paz

Niloufar

12.895.784 ₫

14.185.363 ₫ total

includes taxes & fees

1 Nov - 2 Nov

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

A hotel room with a bed, a chair, a table with a book and a fruit plate, and a view of a cityscape with a clock tower.

A rooftop terrace with red lounge chairs, a small table, and a potted plant.

A modern lobby with a red reception desk, a sofa, and a desk with two chairs.

18. NH Collection Madrid Colón

Recoletos, 0.3 km from Mercado de la Paz

Cristina

8.496.652 ₫

9.346.317 ₫ total

includes taxes & fees

1 Nov - 2 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 rooftop terrace with white cushioned seating and a vertical garden wall.

A modern bedroom with a large bed, a brick wall, and a wooden panel wall.

19. B&B Hotel Madrid Centro F52

Chueca, 1.4 km from Mercado de la Paz

Angie

3.709.200 ₫

4.080.120 ₫ total

includes taxes & fees

2 Nov - 3 Nov

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

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

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.

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

Recoletos, 0.2 km from Mercado de la Paz

carlos

7.418.400 ₫

8.160.240 ₫ total

includes taxes & fees

1 Nov - 2 Nov

View all properties

Compare popular hotels close to Mercado de la Paz

Property	Property class	Guest rating
Mercer Madrid	10.0 Exceptional 23 reviews	View
El Autor Hotel, Madrid, Autograph Collection	9.8 Exceptional 39 reviews	View
Rosewood Villa Magna	9.8 Exceptional 155 reviews	View
Relais & Châteaux Hotel Orfila	9.8 Exceptional 587 reviews	View
Mandarin Oriental Ritz, Madrid	9.8 Exceptional 177 reviews	View

Top Mercado de la Paz Hotel Reviews

Hotel Liabeny

8/10 Good

"Room is clean and breakfast is great."

Hotel Gran Versalles

10/10 Excellent

"Excelente todo"

Wellington Hotel & Spa Madrid

10/10 Excellent

"Absolutely loved our 15-day experience at The Wellington Madrid. The location is phenomenal. The hotel is a living tradition in Madrid. One feels welcome at this hotel and by its staff. The amenities are great. Loved the gym."

Petit Palace President Castellana

8/10 Good

"Good Location. Very central. The rooms are ok"

Embassy by Petit Palace – formerly known as Icon Embassy

10/10 Excellent

"Great experience 👍 👍👍👍👍👍👍👍"

Hotel Fenix Gran Meliá - The Leading Hotels of the World

10/10 Excellent

"Wonderful experience"

BLESS Madrid - The Leading Hotels of the World

10/10 Excellent

"Very nice place with cool vibes"

NH Collection Madrid Colón

10/10 Excellent

"ael hotel de lujo y excelente servicio ; también muy bien unicado!"

Hotel Único Madrid - Small Luxury Hotels

10/10 Excellent

"Great location and breakfast. Staff is nice but a bit serious."

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.

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.

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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. Rosewood Villa Magna

4. Relais & Châteaux Hotel Orfila

5. Mandarin Oriental Ritz, Madrid

6. Only YOU Boutique Hotel

7. Relais & Châteaux Heritage Madrid

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

9. Líbere Madrid Malasaña

10. Santo Mauro, a Luxury Collection Hotel, Madrid

11. Tribu Malasaña

12. URSO Hotel & Spa

13. Brach Madrid - Evok Collection

14. Hotel Vincci The Mint

15. NH Collection Madrid Gran Vía

16. Nômade Temple Madrid

17. Wellington Hotel & Spa Madrid

18. NH Collection Madrid Colón

19. B&B Hotel Madrid Centro F52

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

Compare popular hotels close to Mercado de la Paz

Top Mercado de la Paz Hotel Reviews

Hotel Liabeny

Hotel Gran Versalles

Wellington Hotel & Spa Madrid

Petit Palace President Castellana

Embassy by Petit Palace – formerly known as Icon Embassy

Hotel Fenix Gran Meliá - The Leading Hotels of the World

BLESS Madrid - The Leading Hotels of the World

NH Collection Madrid Colón

Hotel Único Madrid - Small Luxury Hotels

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

Explore a world of travel with Expedia