Originally Posted by
LupineChemist
AC Atocha and AC Carlton are both easy walking distance from Atocha. You can take the train directly from T4 or the express bus from T1-2-3
If taking the train from T4, there is a Holiday Inn at Pirámides.
I actually live near the Atocha hotels and I'd recommend the area, very short walk to the Huertas area with lots of restaurants and night life.
I agree. I stayed at the AC Atocha in 2014 when I spent four days in Madrid and it was both a good hotel and a good base of operations for touring. Plus as you said you can walk to plenty of places to eat.