First of all, and most importantly - do not count on the shuttle. The lags between shuttles can be up to 2 hours (!), so if your flight time is not compatible you’re on your own. The whole point of booking a hotel with airport shuttle is the convenience, which in this case was not provided.
The area of the hotel is industrial, no restaurants and shops within a reasonable walking distance. The distance from this hotel to the airport is more or less the same as to some hotels near Avenida de America in downtown Madrid, definitly a better choice.
The hotel itself is nothing special, the room was fine even though the window was super small and the view was the roof. Again, we treated it as an airport hotel so we didn’t expect any spectacular view. The hotel had a disturbing food kind of smell. The bed was comfortable.
Wouldn’t recommend unless you have a convention in this hotel.