In relation with the price I think it is a little overrated. Some rooms should be priced less than 100 euro for example, when the view is directed towards the inner structure of the hotel.
Besides this, what maybe is very representative of its cost, its the stuff. I think that the current stuff that it is occupied (summer 2022) are very good at their job. They are always there for your assistance and always with a smile. Also, they give advice in relation with the local habits and tips to enjoy your stay in Madrid. And this is true from the receptionist, to the service in the dinner room.
Plus, it is a nice place for convention type seminar etc.