El Corte Inglés partners with IHG to open a Kimpton luxury hotel in Madrid by 2030Executive summary: El Corte Inglés signed a management agreement with IHG to operate a 100‑room Kimpton luxury hotel in Madrid’s Goya district, slated to open in 2030. The partnership re‑enters El Corte Inglés into the hotel industry, diversifying its real‑estate portfolio and enhancing its brand beyond retail. El Corte Inglés, IHG (InterContinental Hotels Group), Kimpton brand, and the city of Madrid Construction is expected to commence in the coming months with completion targeted for the end of 2030, pending regulatory approvals.El Corte Inglés announced a management agreement with IHG to launch a 100‑room Kimpton hotel in Madrid’s Goya district scheduled for 2030. The deal returns the retailer to the hospitality sector after years focused on distribution. It reflects a strategic diversification and leverages IHG’s global brand portfolio. The project will require construction permits and significant capital investment.Connected developmentsChangan apuesta por Madrid para ubicar su sede europeaAngelita celebra 10 años como referente del buen beber en MadridEl Corte Inglés dispara el beneficio un 22%, hasta 628 millones, y supera los 17.000 millones de ingresosLa Feria del Libro de Madrid cierra con datos provisionales inferiores a 2025Open the full case file on Beyond →
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