centrally located near plaza de espana - a lot of eating choice near the hotel, but you have to select very carefully - staff very helpful, they gave us the room few hours before check-in time without any problem or surcharge - when leaving you can leave luggage without any surcharge.

We had a very nice room at this hotel - tons of space! Staff were helpful. The breakfast had nice selection for a continental breakfast. Good location - close to Plaza de Espana - which we wanted. Restaurants, shops close by. Good place to stay!

We stayed at the GranVia 65 (Espa) Hotel 4 nights in November. We are sorry to say that the only assets are its location and food prices in their restaurant. Check-in is on the first floor, no help with luggage despite several stairs that need to be negotiated. They helped with moving luggage from the check-in counter to the room (where there is an elevator). But on check-out there was again no help with getting the luggage to street level. The attendant just removed our luggage from the storage room and went back to the counter, although I was alone with 2 suitcases and 2 extra bags.
We reserved a suite, but were given a studio (that was corrected after we complained). Our reservation was for twin beds, but we got a double, with poor, worn-out mattresses. The rooms were clean, living room had a good size, but bedroom was small. Except for the bed, the furniture was OK, but rooms could use a make-over. There was only one small TV in the living room, none in the bedroom (no English channel).
The bathroom was good-sized with 2 sinks, but only had one of those wall-mounted hairdriers that take forever to dry shoulder-long hair while you negotiate the best way to hold on to the ever hotter plastic handle. Shower water was forceful, but the water temperature varied and due to the small glass door on the bathtub there was no way to keep the bathroom floor dry when taking a shower. It had a small kitchenette, but no coffee-machine or water heater, and we had to boil water in a pot for instant coffee that we bought around the corner.
Internet connection or breakfast were not included despite the rather steep room price, and the wireless connection (on the 5th floor) was not reliable with frequent undesired disconnects, e.g. while responding to an email.

Our plane left 6 hours after check-out time, but we were told that we could not stay an extra 2 hours without having to pay for a whole additional day. The hotel does not have a lobby where you could sit and spend the extra time waiting for an early evening flight on a windy, cold departure day. One would expect a bit more leniency from a place where you just spent 4 nights.
All in all not recommendable compared to other hotels in the neighborhood.

We stayed at the Gran Via 65 for 4 nights in December. The hotel is in a fantastic location 200 metres from the Paza Espane metro station (20 minutes from the airport by Metro). The rooms were very clean and had the bonus of a small kitchen cupboard. The room was not large but had everything there. The bathroom was very clean and a good size. We did not use the room service but it seemed very reasonably priced.
Lots of places are in walking distance of the hotel, the Palace Real, Plaza Mayor etc. We went on a coach trip round Madrid and to the football stadium which we really enjoyed. On the Sunday we went to the Monistary of El Escoril and the Valley for the Fallen (Stunning) in the morning and Toledo in the afternoon. All a real must do. The trip office is opposite the hotel.
There are lots of reasonably priced bars and restaurants around just have a look on the internet for details. As with any big city mind your handbag, I found mine travelling backwards round my body as we walked down the Gran Via, 2 overly innocent girls looked skywards when I turned and yanked it back.