COST: $
<p>All 37 rooms of this 19th-century boutique hotel have large French doors opening to the street (they're soundproof when closed). Near the Plaza Isabel I and the Teatro Real (Madrid's opera house), the hotel is an easy walk to Plaza Mayor and Puerta del Sol. The black-and-white-striped wallpaper in the halls and the gray-on-gray rooms with dark-wood floors and antique curved headboards suggest a French city inn. Bathrooms are a mix of light and deep gray marble with large glass standing showers. The hotel was named for <em>Las Meninas</em>, the famous 1656 Velázquez painting of King Philip IV's young daughter, the Infanta Margarita—her image appears everywhere, from the soaps to faint impressions on the linens. </p> <p><strong>Insider Tip:</strong> Such reasonably priced boutique hotels are rare: book as far in advance as possible.</p> <p><strong>Room to Book: </strong>The open-plan “special junior suite” is nestled under a roof filled with skylights.</p>





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