<p><br /> Known for its hospitality since 1912, the iconic &quot;Palace&quot; hotel is conveniently located in the center of Madrid, in the &quot;Triangle of Art&quot;, within walking distance of the city&#39;s most prestigious museums: Prado, Thyssen and Reina Sofia Museums, among others. Because of its location in Las Letras neighbourhood, it is also the place to enjoy gastronomy, leisure and shopping in Madrid.</p>