Let's start right off by admitting that this isn't the Four Seasons; there's a sex shop literally right outside the front door. If you're considering Chic & Basic Dot, it's because you're looking for a budget-conscious option right by Plaza Mayor. And you've found it!
As the name states, this is a basic place. A small room, but quiet and with a comfortable bed, friendly staff, quick wifi, and it's a 2 minute walk to eithe Plaza Mayor or Gran Via.
Would I pay more than $175/nt? Probably not. But when I priced this out vs all the other options in the area, it was a no-brainer at $140/nt and I enjoyed my 3 night stay here. Easy access to Alfonso Barajas airport on metro/renfe.