Axel Hotel Madrid occupies a historic palacete on Calle de Atocha in the Barrio de las Letras, the literary quarter that lies just south of the city centre between the Prado and the Paseo del Prado. The hotel's location is deliberately chosen: the Barrio de las Letras sits adjacent to the main gay area around Chueca and the broader LGBTQIA+ infrastructure of central Madrid, while offering a slightly more characterful and less commercially dense neighbourhood base. The property has a rooftop skybar and terrace, and its ground floor venue, Bala Perdida Club, runs shows and entertainment daily.