Concierge.com's insider take:
The Bauzá is one of Virginia Figueras's two masterworks in Madrid; the other is the Hotel de las Letras. Located in hip Salamanca near the museums, the Bauzá innovates with airy citrus color schemes in its 170 rooms and suites, as well as in seven small, tasteful apartments decorated in light woods. The latter might be the best way to go, especially for families. The so-called "apart-hotel" concept is appearing in myriad places around the world, and for good reason. It's a great boon to be able to cook breakfast or entertain guests in your room, a privilege once reserved for visiting dignitaries or presidential-suitesters. Still, this concept is not about savings; it's about a different way to experience the city: Shop for jamón ibérico and torta del casar cheese in the market, and then throw a cocktail party for the Madrileños at "your place."