Hotel Caballero Errante was built in February 2005 in a style that combines classical and modern elements. It is located in a quiet street just 100 metres away from Plaza de Castilla, near the bus interchange facility crowned by the monumental Torres KIO and Fundación Canal. The easy access to this hotel is completed by a subway stop just a few metres away and the busy Chamartín Station, which is 5 minutes away on foot.

Since the beginning, the hotel has equipped its facilities with the latest technologies. Its rooms have private outdoor areas and include free broadband Internet access and TV. Also available for guests is a private parking garage. Furthermore, the premises also feature a coffee shop and restaurant and a 300 square-metre terrace.