IHG Hotels & Resorts signs its first Kimpton-branded hotel in Madrid with El Corte Inglés on June 22 2026, adding a 106-key property in Barrio Salamanca.

IHG Hotels & Resorts signed the Kimpton hotel on Goya Street, 89, in partnership with El Corte Inglés. Colliers Hotels Iberia advised on the signing. The hotel marked the Kimpton brand’s debut in Madrid.

The property was expected to open in mid-2030 in Barrio Salamanca, one of Madrid’s most prestigious neighbourhoods. It was planned to occupy an iconic heritage building. The hotel was set to include a ground-floor restaurant, spa, indoor pool, and rooftop bar and restaurant.

IHG reported 116 open and 68 pipeline luxury and lifestyle properties in Europe, and 66 open and 16 pipeline properties across all segments in Spain as of 31 March 2026.

Tourism became one of Madrid’s leading economic sectors in 2025, according to the National Institute of Statistics. International visitor spending reached a record €17.9 billion, up 11% year-on-year and 71% versus 2019.