IHG Signs Agreement for First Kimpton Hotel in Madrid; Scheduled to Open in 2030

In Brief: IHG Hotels & Resorts has signed an agreement to open a Kimpton-branded hotel in Madrid, located at Goya Street, 89, in partnership with El Corte Inglés.

The property in Barrio Salamanca – Image Credit IHG Hotels & Resorts

IHG Hotels & Resorts has signed an agreement to open a Kimpton-branded hotel in Madrid, marking the brand’s debut in Spain’s capital. The hotel, developed in partnership with El Corte Inglés and advised by Colliers Hotels Iberia, will be located at Goya Street, 89, in the Barrio Salamanca district.

Scheduled to open in mid-2030, the 106-room hotel will occupy a heritage building in central Madrid. Planned amenities include a ground-floor restaurant, a spa, an indoor pool, and a rooftop bar and restaurant with city views.

The Kimpton brand is already established in Barcelona, Mallorca, and Marbella.

Tourism became one of Madrid’s leading economic sectors in 2025, with international visitor spending reaching €17.9 billion, up 11% year-on-year and 71% compared to 2019, according to the National Institute of Statistics (INE). The hotel will be situated near shopping, dining, and cultural destinations.

As of 31 March 2026, IHG has 116 open and 68 pipeline properties in its luxury and lifestyle portfolio across Europe, and 66 open and 16 pipeline properties across all segments in Spain.