The Axor Feria (3***) is located very close to Madrid Barajas airport and it's an excellent option for a one night stay in case you have an early or late flight. The hotel is new (I was there in March 2012), very modern, good looking and clean. A kind of a no-frills hotel but confortable enough: room and bathroom were big, bed was very confortable and it had a big lcd. The only no was noise isolation: verg poor in case you have some noisy neighbours.
Buffet breakfast available in the hotel (overpriced). Lunch and dinner on the "sister" Axor 4**** hotel which is side by side (have not tried it).
There's a big shopping mall at 10 min walk.
There'a shutle from and to the airport (5-10 min drive) every half hour. Make sure you book your return because a lot of people use it.
Will use it again in the future, no doubts.
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