August 7 2007: I stayed here a few months ago. The hotel is new and rooms are nice enough. The hotel is on the way to the Barajas Airport but it is well connected through the Metro, which you can take quite near the hotel (5 min walk).
I will repeat this hotel in the future.
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Situated in the financial area of the city, Hotel Velada Madrid is a 4 star airport hotel in Madrid. The IFEMA fairgrounds are also located nearby, and the area is very well served by public transportation. The hotel offers an extensive range of services for business travellers and corporate events, including a conventions centre with 17 halls with state-of-the-art equipment and banqueting service to host meetings, exhibitions and conventions. After an exhausting day of work, guests can unwind at the fitness centre, indoor pool and sauna, or have a drink or a delicious meal at the bar or the restaurant. Hotel Velada Madrid offers disabled-accessible facilities and other amenities include wireless Internet access in the lobby, business centre, and laundry service, garage.