A good value for money
The Torremangana Hotel is a four stars one, with a good value for money. It is easy to find coming from Madrid, thanks to good indications. It is in the blue parking zone, so you should book parking in the Hotel, but do it in advance because it will be most probably full if you don't. The blue zone anyway doesn't apply anymore from 2 pm on Saturdays and during the whole day on Sundays.
Located in the old part of town, it is 30 minutes away from the Plaza Mayor walk, which you can't miss for it is beautiful with those houses painted in pastel colors. Uphill, like everywhere in the old part of Cuenca, so you should wear comfortable shoes. If you prefer, close to the hotel there are two bus lines going to Plaza Mayor.