The stunning AC Palacio del Retiro is set within an early 20th-century mansion.

Converted into a hotel in 2004, the 50-room venue is fantastically located right opposite the Parque del Retiro and just a stone's throw from some of Madrid's most popular attractions.

With tasteful decoration accompanied by hints at the grand past of the building, the spectacular hotel draws discerning guests from all over the world.

Deluxe and modern, online source Concierge describes this property as "an excellent option for families seeking convenient, high-end accommodations". This is largely due to its proximity to the park, where children can run around to their heart's content.

Facilities include a spa and the Indice restaurant, headed up by David Herranz, a rising star in the world of chefs.

The plush residence is in the cultural Art Triangle of the city, which is home to modern art museums including the Prado, Centro de Arte Moderno Reina Sofia and Thyssen Bornemiza.