The Hospitality Newsletter
Today Sunday, August 23, 2026
null
financeHotels Magazine··1 min·For: Owner, Investor, GM, Revenue

IHG Partners With El Corte Inglés for Kimpton Madrid

IHG Hotels & Resorts has signed a deal with Spanish department store giant El Corte Inglés to develop a 106-room Kimpton hotel in Madrid's luxury Salamanca neighborhood. Scheduled to open in 2030, the heritage building conversion will feature a rooftop bar, spa, and signature dining to capture the city's growing luxury market.

Key Takeaways

  1. 1Capitalize on Madrid's luxury boom via this 106-key redevelopment of a heritage building in the upscale Salamanca district.
  2. 2Leverage strategic partnerships with local retail giants, as IHG teams up with El Corte Inglés for their first Kimpton in the capital.
  3. 3Target the high-spending international demographic following Madrid's record-breaking €17.9 billion visitor spend in 2025.

Read original source →

Source: Hotels Magazine

Keep reading

Our reporting

OriginalChoice Hotels Q2 2026: US Room Openings Surge 27%Written from 2 sources
OriginalCoStar Expands CRE and Hospitality Property IntelligenceWritten from 3 sources

More in finance

Hotel BusinessUS Hotel GOP Margin Rose to 44.9% in Strong H11 min readSkiftSaudi Arabia and Egypt Drive Middle East Hotel Construction Boom1 min readHotel DiveBusiness Travel Spending Hit $538.5B in 20241 min read

Also relevant for GM, Investor

Hotel Tech ReportDuve Ranks Number One In 2024 Hotel Guest App Awards1 min readLodging MagazineOptimizing Hotel Laundry Operations for Efficiency1 min readHospitalityNetIHG Reveals Three Engines for New Business Travel Ecosystem1 min read
All finance newsFor GMFor InvestorFor OwnerToday's briefing