Madrid's luxury hotels cluster in two areas. One is the old town, from Puerta del Sol and Plaza Mayor to Calle de Alcalá, where the Prado and Thyssen museums are right outside the door and you can cover the center on foot. The other is the Salamanca district and both sides of Paseo de la Castellana: quiet and grand, with the designer shopping streets and Michelin restaurants. The seven hotels here were picked one by one from the Madrid properties available under our perks programs. Nightly rates run from a little over US$400 to over US$2,000, so you can match one to your budget.
Mandarin Oriental Ritz is Madrid's only 3 MICHELIN Key hotel. Four Seasons and Rosewood hold 2 Keys, and the other four are not listed.
Below are all current offers (click a hotel name to check prices):
| Hotel | Offer | Book by | Eligible stay dates |
| The Madrid EDITION | Third night free when you stay 3 nights, Premier rooms and up | By December 31, 2026 | Stays by December 31, 2026 |
| The Madrid EDITION | 15% off stays of 3 nights or more, Superior and Deluxe rooms only | By December 31, 2026 | Stays by December 31, 2026 |
| Four Seasons Hotel Madrid | Stay 4 nights, pay for 3; suite stays also get a tapas experience for two | By December 31, 2026 | Stays by December 31, 2026 |
| Four Seasons Hotel Madrid | Up to 20% off when you book early | By December 31, 2026 | Stays by December 31, 2026 |
| Four Seasons Hotel Madrid | 15% off weekend stays, including a one-category room upgrade and space-available early check-in and late check-out | By December 31, 2026 | Stays by December 31, 2026 |
| JW Marriott Hotel Madrid | Up to 20% off stays of 3 nights or more | By December 31, 2026 | Stays by December 31, 2026 |
| Santo Mauro | Up to 20% off stays of 3 nights or more | By December 31, 2026 | Stays by December 31, 2026 |
| Santo Mauro | Stay 4 nights, pay for 3 | By December 31, 2026 | Stays by December 31, 2026 |
| Palacio de los Duques Gran Meliá | 10% off all room types, plus a US$100 hotel credit when you book a Junior Suite | By December 31, 2026 | Stays by December 31, 2026 |
| Círculo Gran Vía, Autograph Collection | 15% off stays of 4 nights or more, adults only | By December 29, 2026 | Stays by December 31, 2026 |
| The Palace | Second room half price when you book two rooms, for guests traveling with children under 16 | By December 31, 2026 | Stays by December 31, 2026 |
| Nômade Temple Madrid | One free night for every 3 nights booked, cumulative, including breakfast for two and a US$100 dining credit | By December 31, 2026 | Stays by December 31, 2026 |
A word on how we check prices first. All prices below are for a November 1, 2026 check-in, 3 nights, 2 adults, tax included, on the advisor channel, expressed as the average nightly rate (3-night total divided by 3) in US dollars. This channel rate is what we can get when we book for clients as an accredited travel advisor. It comes with perks you can't book through public channels, such as breakfast, hotel credit and space-available upgrades. Each hotel's section spells out its perks, and before booking we confirm every one with the hotel and put it on your confirmation.
The hotels are ordered by average nightly rate, from lowest to highest, so you can get a feel for the range as you read.
Our full list of perk-eligible hotels (over 3,000) is here: Global luxury hotel perks list. It opens already filtered to Madrid, and we can check prices on any of them, just as we have in this article.
Here are the highlights first, in case you're short on time:
- Best value – InterContinental: about US$415 a night, the lowest of the seven, and refundable
- Best location – The Madrid EDITION: a five-minute walk to Mercado de San Miguel, with the largest rooftop pool in the city
- Most unusual experience – BLESS: a rooftop pool plus a bowling alley, and the restaurant is the Madrid outpost of 3-Michelin-star chef Martín Berasategui
- Most buzzworthy – Nobu: opening September 1, 2026, with a three-level Nobu restaurant and a terrace facing the Gran Vía skyline
- Top-end pick – Mandarin Oriental Ritz: a 1910 Belle Époque palace with five dining venues run by Quique Dacosta
- Best perks value – Rosewood Villa Magna: refundable, with the full perks included
InterContinental Madrid by IHG
The InterContinental is at Paseo de la Castellana 49, one of Madrid's long-established luxury addresses. The building is a converted palace-style property, with the avenue's rows of plane trees at the door. The Gregorio Marañón metro station is within 200 meters, Calle de Serrano's shopping is a ten-minute walk east, and the Bernabéu stadium is one metro stop away.
For dining, the El Jardín restaurant has a garden terrace and serves breakfast and Sunday brunch; Bar 49 does wine, cocktails and small plates. The gym is open 24 hours, and massages need to be booked in advance. If you book a suite or an Executive room, you can use the InterContinental Club lounge, which serves food all day and allows late check-out.
If you want a quiet base outside the center without giving up transport links, this is the safest choice in Madrid.
Reference price: for most of the year (except certain peak dates), about US$227–400 a night before tax. For a November 1, 2026 check-in, the advisor-channel average is US$415 a night including tax, US$1,245 for 3 nights, refundable. The comparable refundable rate for IHG members is about US$403 a night, so the advisor rate is about 3% higher, a gap that breakfast for two and the dining credit largely cover. A cheaper public tier of about US$372 a night is non-refundable. Booking through the advisor channel usually also includes breakfast for two, a hotel credit, a welcome amenity, and space-available upgrade and late check-out. Check the latest price for this hotel →
The Madrid EDITION
The EDITION opened in April 2022 on Plaza de Celenque in the old town. It's a five-minute walk to Mercado de San Miguel and 600 meters to Gran Vía, with Plaza Mayor, Puerta del Sol and the Prado all within walking distance. It has 200 rooms and suites in Ian Schrager's modernist style: white, natural wood and plenty of open space.
For dining, Jerónimo is run by Enrique Olvera of Pujol in Mexico City. Oroya sits in a glass garden room on the fourth floor, where Peruvian chef Diego Muñoz serves Peruvian dishes to share, right next to Madrid's largest rooftop pool. There are five dining venues in all, plus a spa, a gym and a sun terrace.
If you want to be in the middle of the old town without staying in an old-fashioned palace, take a look at this one.
Reference price: for most of the year (except certain peak dates), about US$521–663 a night before tax. For a November 1, 2026 check-in, the advisor-channel average is US$537 a night including tax, US$1,612 for 3 nights, non-refundable. The comparable public non-refundable rate is about US$506 a night, so the advisor rate is about 6% higher, a gap made up by breakfast for two and the hotel credit. The Marriott member rate with breakfast is about US$719 a night, which is higher still. Booking through the advisor channel usually also includes breakfast for two, a hotel credit, a welcome amenity, and space-available upgrade and late check-out. Check the latest price for this hotel →
BLESS Madrid
BLESS opened in January 2019 on Calle de Velázquez in the Salamanca district. It has 111 rooms and suites, with interiors by Spanish designer Lázaro Rosa-Violán in bold colors that match the neighborhood's shopping streets. The Velázquez and Serrano metro stations are both within 500 meters, and Retiro Park is about 1.5 km away.
For dining, the signature restaurant Etxeko is 3-Michelin-star chef Martín Berasategui's Madrid venue, serving Basque cuisine. There are two more restaurants and three bars. The roof has a pool and terrace with a view of the distant Torrespaña tower, and downstairs there are a spa, a gym and the hotel's own bowling alley.
If you want a livelier stay with things to do without leaving the hotel at night, it's hard to find a rival at this price.
Reference price: for most of the year (except certain peak dates), about US$365–501 a night before tax. For a November 1, 2026 check-in, the advisor-channel average is US$583 a night including tax, US$1,750 for 3 nights, refundable. That matches the hotel's own public refundable rate; a third-party promotional refundable rate is about US$569 a night, a difference of about 2%. For the same money, booking through the advisor channel usually also includes breakfast for two, a hotel credit, a welcome amenity, and space-available upgrade and late check-out. Check the latest price for this hotel →
Nobu Hotel Madrid
Nobu is set to open on September 1, 2026, the brand's first hotel in Madrid and fifth in Spain. It's at Calle de Alcalá 26, between Plaza de Cibeles and Puerta del Sol, with the Círculo de Bellas Artes building on one side and the start of Gran Vía on the other. It has only 50 rooms and suites, the smallest of the seven.
For dining, the headliner is the three-level Nobu restaurant with a bar and lounge, serving the black cod and new-style Japanese cooking the brand is known for. There is also an indoor pool and a spa.
If you want a brand-new hotel with the restaurant taken care of, this is the newest name in Madrid right now.
Reference price: for most of the year (except certain peak dates), about US$184–602 a night before tax. For a November 1, 2026 check-in, the advisor-channel average is US$584 a night including tax, US$1,753 for 3 nights, refundable. That is exactly level with the hotel's public refundable rate, so the perks come at no extra cost. Booking through the advisor channel usually includes breakfast for two, a hotel credit, a welcome amenity, and space-available upgrade and late check-out. Check the latest price for this hotel →
Mandarin Oriental Ritz, Madrid
The Ritz opened in 1910, built at the urging of Alfonso XIII, and reopened in 2021 after a full renovation under the Mandarin Oriental name. It has 102 rooms and 51 suites; the Belle Époque structure is preserved, with a mix of classic and contemporary inside. It's in the Retiro area, within 200 meters of both the Prado and Thyssen museums and a ten-minute walk from the Reina Sofía.
For dining, five venues, from the main restaurant to the garden terrace, are run by Spanish chef Quique Dacosta. There is also a wellness center with an indoor pool, vitality pool, experience showers, steam room and gym.
If you want a night in a historic building with real gravitas, this is the city's flagship address.
Reference price: for most of the year (except certain peak dates), about US$852–985 a night before tax. For a November 1, 2026 check-in, the advisor-channel average is US$1,363 a night including tax, US$4,089 for 3 nights, non-refundable, level with the public rate for the same dates. If you need a refundable rate, another advisor-channel rate for the same hotel is about US$1,704 a night, refundable; both include perks, and we'll recommend one based on how firm your plans are. Booking through the advisor channel usually adds breakfast for two, a hotel credit, a welcome amenity, and space-available upgrade and late check-out. Check the latest price for this hotel →
Four Seasons Hotel Madrid
Four Seasons opened in September 2020, the brand's first hotel in Spain. It sits inside Centro Canalejas, which joins seven 19th-century historic buildings into one hotel. The facades are fully preserved and the interior completely rebuilt, with 200 rooms and suites. The Galería Canalejas mall is downstairs, the Gran Vía metro station is a six-minute walk, and Puerta del Sol is two blocks away.
For dining, the rooftop Dani Brasserie, by Spanish chef Dani García, has a terrace connected to the pool and is the liveliest spot in the hotel. Downstairs there are more restaurants and bars serving Mediterranean and Spanish cuisine. There is also a four-level spa.
If you want modern interiors inside a historic shell, with a rooftop that overlooks the whole city, nothing else in Madrid compares.
Reference price: the advisor-channel average is US$1,421 a night, US$4,262 for 3 nights, non-refundable, level with the public rate for the same dates. At the same price, booking through the advisor channel usually adds breakfast for two, a US$100 hotel credit per stay, a welcome amenity, and space-available upgrade and late check-out. Check the latest price for this hotel →
Rosewood Villa Magna, Madrid
Villa Magna is a long-standing Madrid name that reopened in October 2021 after renovation under the Rosewood banner, with 154 rooms and suites. It's on Paseo de la Castellana, beside the Salamanca district's Golden Mile of shopping, and a ten-minute walk from the Bernabéu. The rooms have a residential feel, with marble bathrooms and views of Calle de Serrano or the avenue.
For dining, Amós is run by Cantabrian 3-Michelin-star chef Jesús Sánchez, Las Brasas de Castellana centers on charcoal grilling, TARDE.O is the evening cocktail bar, and Flor y Nata is an all-day pastry and coffee spot. There is also the Sense spa and fitness center.
If you want a quiet, mature hotel that doesn't lean on influencer touches, this is probably the best fit in Madrid.
Reference price: for most of the year (except certain peak dates), about US$824–1,504 a night before tax. For a November 1, 2026 check-in, the advisor-channel average is US$2,283 a night including tax, US$6,849 for 3 nights, refundable. This is the best perks value of the seven, and the rate is refundable. Booking through the advisor channel usually includes breakfast for two, a hotel credit, a welcome amenity, and space-available upgrade and late check-out. Check the latest price for this hotel →
Conclusion
From the InterContinental at US$415 a night to Rosewood at US$2,283 a night, the seven Madrid hotels span a price gap of more than five times, yet each holds its own at its price point. For savings with a refundable rate, look at the InterContinental. For the middle of the old town, the EDITION. For buzz and things to do, BLESS. For the newest opening, Nobu. For old-world grandeur, Mandarin Oriental Ritz and Rosewood. For modern interiors plus a rooftop, Four Seasons.
Two of the seven are worth singling out: Rosewood and Nobu. Both are refundable rates, and both come with the full perks.
These are the perk-channel rates we can get as an accredited travel advisor. They come with breakfast, an in-room credit, a welcome amenity and other things you can't book through public channels.
If any of the seven appeals to you, book through us at the cash rate and you get these perks, with no membership to hold and no spending threshold to meet. The perks are real value.