If you want to stay in a place which provides great transport links as well lots to do and see, then why not stay in a budget hotel in Madrid near to the Chamartin Railway Station. Not only does it provide all of the services that you might expect from a main railway station, such as cafes and restaurants as well as a hotel, but it also houses a mini market and movie theatre. This means that there is plenty to do even in the station itself without venturing into the city.
The railway lines serves a large geographical area too, so it is a useful location if you plan on visiting other places while you are staying in Madrid. Going by train means that you get to see a bit of the countryside, and also have a chance to relax on your journey. If you want a hotel by the Chamartin Railway Station in Madrid, EasyToBook.com is the place to book.