Madrid’s evolution into one of Europe’s premier ultra-luxury destinations has marked another milestone. IHG Hotels & Resorts has officially signed its first Kimpton-branded property in the Spanish capital, securing a spot in one of the city’s most affluent golden districts.
Developed in partnership with the iconic Spanish retail giant El Corte Inglés, and with strategic advisory from Colliers Hotels Iberia, the highly anticipated luxury hotel is slated to open its doors in mid-2030.
A Heritage Address in Barrio Salamanca
The new boutique property will occupy an iconic, historic building located at Goya Street, 89, right in the heart of the prestigious Barrio Salamanca. Celebrated for its tree-lined boulevards, nineteenth-century architecture, high-end designer boutiques, and Michelin-starred dining, the neighbourhood provides the ultimate backdrop for Kimpton’s human-centric, design-forward philosophy.
The 106-key hotel will blend historical preservation with bold modern flair. It is set to feature a comprehensive lineup of premium lifestyle spaces, including:
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A vibrant ground-floor destination restaurant bridging local culinary culture with global trends.
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A dedicated wellness sanctuary complete with a luxurious spa and indoor pool.
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A standout rooftop bar and restaurant offering sweeping views across Madrid’s picturesque, sun-drenched rooftops and landmark historic buildings.
“Madrid has firmly established itself as one of Europe’s most compelling destinations for luxury travel,” notes Willemijn Geels, Vice President of Development, Europe at IHG Hotels & Resorts. “This exceptional hotel will give guests a distinctive new way to experience the city through Kimpton’s bold design, heartfelt service, and locally inspired experiences.”
Capturing Madrid’s Golden Tourism Era
The timing of the signing capitalises on an extraordinary surge in Madrid’s high-end travel economy. Tourism has firmly cemented itself as one of the capital’s primary economic engines, with international visitor spending reaching a record €17.9 billion in 2025—representing a sharp 11% year-on-year growth and a staggering 71% increase compared to pre-pandemic 2019 data.
| Metric | Madrid International Tourism Performance (2025) |
| Total Spending | €17.9 Billion |
| Year-on-Year Growth | +11% |
| Growth vs. 2019 | +71% |
By embedding itself within Goya Street, the hotel is perfectly positioned to capture premium domestic and international demand, offering a stylish residential refuge just steps away from the capital’s core cultural and retail experiences.
Strengthening the Spanish Lifestyle Portfolio
While marking a grand debut for the capital, the signing builds upon a highly successful footprint for the Kimpton brand across Spain’s elite holiday and urban destinations, joining sister properties already thriving in Barcelona, Mallorca, and Marbella.
The project underscores IHG’s aggressive momentum in the European luxury sector, adding to a regional luxury and lifestyle portfolio that currently stands at 116 open hotels across the continent, with an ambitious 68 more properties securely tucked into the development pipeline.
About IHG®
IHG Hotels & Resorts (tickers: LON:IHG for Ordinary Shares; NYSE:IHG for ADRs) is a global hospitality company, with a purpose to provide True Hospitality for Good.
With a family of 21 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 7,000 hotels in over 100 countries, and a development pipeline of a further 2,300 properties.
- Luxury & Lifestyle: Six Senses, Regent, InterContinental, Vignette Collection, Kimpton, Hotel Indigo
- Premium: Noted Collection, voco, Ruby, HUALUXE, Crowne Plaza, EVEN
- Essentials: Holiday Inn Express, Holiday Inn Hotels & Resorts, Garner, avid
- Suites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites
- Exclusive Partners: Iberostar Beachfront Resorts
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated and registered in England and Wales. Approximately 400,000 people work across IHG’s hotels and corporate offices globally.
Visit online for more about our hotels and reservations and IHG One Rewards. To download the IHG One Rewards app, visit the Apple App or Google Play stores.
About Kimpton
Kimpton, part of IHG Hotels & Resorts’ luxury and lifestyle portfolio, pioneered the concept of hotels combining sophisticated, playful design with a more human guest experience in the U.S. Founded in 1981, the San Francisco-born luxury lifestyle brand now operates 87 properties and hundreds of restaurants, bars and lounges across urban locations, resort destinations and up-and-coming markets globally.
From inspiring design and expansive experiences to forward-thinking flavors that feed the soul, Kimpton spaces act as vibrant hubs for sparking authentic human connections. Every detail is thoughtfully curated and artfully delivered so that guest experiences remain meaningful, unscripted and inspired.
For more information, visit KimptonHotels.com.
All informations are correct as per original press release on 24 June 2026
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