Kimpton Brings First Luxury Lifestyle Hotel to Madrid

Madrid is set to welcome its first Kimpton luxury lifestyle hotel in 2030, as IHG Hotels & Resorts (IHG) and Spanish retail giant El Corte Inglés announce a landmark agreement to open the property in Madrid’s prestigious Salamanca district on Goya Street. The hotel will occupy a heritage building complex from the 1920s, transforming two adjacent buildings into a 9,000-square-meter five-star luxury property featuring 106 rooms, a ground-floor restaurant, spa, indoor pool, etc

The partnership marks Kimpton’s debut in Spain’s capital, although the brand already operates four hotels in Spain at Barcelona, Mallorca, and Marbella. IHG will manage the hotel under a long-term management agreement, while El Corte Inglés will retain ownership of the assets. The project represents a strategic return to the hotel business for El Corte Inglés, which has owned the buildings since the 1970s when they were converted to residential and retail use.

Luxury Amenities and Local Culture Integration

True to the Kimpton brand concept, the hotel will draw inspiration from local Madrid culture, integrating carefully selected design, programming, and gastronomic offerings that reflect Spanish heritage. The property will feature premium common areas alongside its 106 rooms distributed across seven floors, with commercial use continuing on the lower floors. The ground-floor restaurant, spa facilities, indoor pool, and rooftop restaurant will create a comprehensive luxury lifestyle experience for guests seeking authentic Madrid culture.

The transformation project will begin in the coming months with technical project documentation and complete renovation. The agreement was finalized four years after Madrid City Council approved the special plan to convert the buildings from residential use to hotel use, demonstrating the long timeline for such luxury hospitality developments in the heart of Madrid’s “Milla de Oro” (Golden Mile).

Madrid’s Luxury Hospitality Expansion

The Kimpton hotel opening will reinforce Madrid’s accommodation and dining offerings in the prestigious Milla de Oro, responding to the city’s dynamic tourism growth. As Spain’s capital continues to attract high-end travelers, the property will join existing luxury hotels in contributing to Madrid’s position as a premier European destination. The hotel’s location at Goya Street 89 and Conde de Peñalver 3 places it in one of Madrid’s most exclusive neighborhoods, known for luxury shopping, fine dining, and cultural attractions.

The signing of this agreement demonstrates the continued confidence in Madrid’s luxury tourism market, with international brands like Kimpton investing in the city’s hospitality infrastructure. The project’s 2030 opening date gives Madrid’s tourism sector time to prepare for enhanced luxury accommodation capacity, while the property’s integration with existing commercial spaces on lower floors will create a mixed-use destination that benefits both hotel guests and local residents.

Key Points

1. Madrid’s first Kimpton hotel — IHG and El Corte Inglés announce luxury lifestyle hotel opening in Salamanca district on Goya Street in 2030
2. 106 rooms across seven floors — Property will feature 9,000 square meters in heritage buildings from 1920s, with ground-floor restaurant, spa, indoor pool 
3. IHG manages, El Corte Inglés owns — Long-term management agreement with IHG operating hotel while El Corte Inglés retains asset ownership
4. Fourth Kimpton in Spain — Brand already operates in Barcelona, Mallorca, and Marbella, but Madrid debut completes major Spanish presence
5. Local culture integration — Hotel will feature carefully selected design, programming, and gastronomy reflecting Madrid and Spanish heritage
6. 2030 opening after 4-year approval — Madrid City Council approved conversion plan four years ago, transformation begins in coming months

Bottom Line

Madrid will welcome its first Kimpton luxury lifestyle hotel in mid-2030, with IHG and El Corte Inglés transforming heritage buildings from the 1920s into a 9,000-square-meter, 106-room five-star property in the prestigious Salamanca district. The hotel will feature a ground-floor restaurant, spa, indoor pool, while integrating local Madrid culture through carefully selected design, programming, and gastronomic offerings. IHG will manage the hotel while El Corte Inglés retains ownership, marking the brand’s fourth Spanish property after Barcelona, Mallorca, and Marbella. The project responds to Madrid’s dynamic tourism growth, reinforcing the city’s luxury hospitality offerings in the Milla de Oro and positioning Madrid as a premier European destination for high-end travelers seeking authentic Spanish experiences.