7 Excellent Luxury Hotels in Madrid

Want to live the high life during your time in the Spanish capital?

These luxury hotels in Madrid are the pinnacle of elegance, with world-class amenities and fabulous locations to boot. Get ready for a stylish stay in one of Europe’s hottest cosmopolitan destinations.

Exterior of the Westin Palace Hotel in Madrid illuminated at night.
The legendary Westin Palace is one of Madrid’s best luxury hotels. Photo credit: Negugogor

A trip to Madrid is certainly a treat in and of itself. With so many museums to explore, parks to relax in, and typical foods to eat, the Spanish capital offers a lifetime’s worth of adventures and opportunities.

But if you really want to take your trip to the next level, these luxury hotels in Madrid are just what you’re looking for. From the luxurious rooms to the mouthwatering food, these spots make for an unforgettable trip of a lifetime.

1. Mandarin Oriental Ritz

The Mandarin Oriental Ritz is a Belle Epoque-style hotel from 1910 that combines classic luxury with exceptional service. Handmade carpets, period furniture, marble bathrooms and embroidered linens make this timeless destination one of the quintessential luxury hotels in Madrid.

Additionally, there are five onsite dining facilities, offering everything from classic tapas-style dishes to avant-garde fare and internationally inspired fine dining. At the cocktail bar, you’ll find the Ritz’s finest guests winding down with a glass of Krug champagne and caviar.

What’s more, the hotel is perfectly located within walking distance from Madrid’s famed art museums. Retiro Park is also a stone’s throw away, as are the bright lights of Gran Vía.

Front entrance of the Ritz Hotel in Madrid, with black wrought-iron architectural details.
The Ritz’s elegant front entrance. Photo credit: losmininos

2. The Westin Palace

The Palace Hotel is another excellent choice for those looking for a slice of luxury in the heart of Madrid. In addition to a stellar location, the hotel features six floors of beautiful classically styled rooms. Its four fabulous onsite restaurants serve everything from sushi to Sunday brunch.

Rooms at the Palace are comfortable and refreshing, with decor that rather seamlessly bridges the gap between timeless and contemporary. Take your pick of views, from a tranquil courtyard to a typical Madrid street to the gorgeous Neptune Fountain.

This hotel has been hosting Spanish dignitaries, international celebrities and everyone in between for over 100 years. You never know who you may rub shoulders with during your stay here!

Spacious hotel restaurant under a large glass dome and crystal chandelier, with light green and purple decor.
One of the gorgeous dining spaces at the Westin Palace. Photo credit: Bertrand Duperrin

3. Hotel Villa Magna

With an extensive modern art collection, exquisite restaurants and a full-service wellness center, the Villa Magna is one of Madrid’s most significantly luxurious hotels.

The hotel is located on Paseo de la Castellana in the center of Madrid’s financial and shopping districts. It’s a tranquil oasis in the bustling heart of Spain’s capital, due to its bright, open spaces, clean lines, and plenty of greenery.

Note: As of April 2021, the Villa Magna is temporarily closed for refurbishment works. However, it plans to reopen later in the year.

Hotel guest room with white double bed in the foreground.
A cozy room at the Villa Magna. Photo credit: UggBoyUggGirl

4. ME Madrid Reina Victoria

This fun, modern and centrally located hotel is an especially great starting point for enjoying the city. In fact, if you’re familiar with Madrid, you may have even spotted it standing watch over one of Madrid’s most vibrant plazas. 

ME Madrid Reina Victoria is situated in Plaza Santa Ana, a lovely square lined with cafés and restaurants with easy access to some of the city’s best-known sights. But perhaps the best spot to enjoy a drink is the hotel’s own rooftop terrace, where you can enjoy fantastic panoramic views of Madrid as you wind down with a cocktail or a glass of Spanish wine after a long day of sightseeing.

Inside, this lifestyle hotels boasts a contemporary, cosmopolitan atmosphere with modern Mediterranean touches. It’s also pet-friendly, so even your four-legged friend can enjoy one of the best luxury hotels in Madrid!

Exterior of a large white hotel on a clear day.
The ME Madrid Reina Victoria as seen from Plaza Santa Ana. Photo credit: Concepción Amat Ortas

5. Hospes Puerta de Alcalá

Hospes Puerta de Alcalá is set in a beautifully restored, 19th-century red brick building right in the center of the city. It’s adjacent to Retiro Park and close to the Prado and Reina Sofia Museums as well.

The rooms and suites invite you to the ultimate relaxation experience, with their plush bedding and well-thought-out modern design. When you are ready to explore Madrid, you have the most happening parts of the city within easy reach.

Pamper yourself in the spa (or work up some energy in the fitness room, if that’s more your speed). And of course, don’t miss the chance to dine at the onsite Malvar Restaurant, which features a modern and elegant take on classic Spanish cuisine.

6. Four Seasons Madrid

The Four Seasons has long been one of the most acclaimed names in the hospitality industry, and the Madrid location of this legendary hotel is certainly worthy of the praise it gets. Here, 200 guest rooms are housed in a historic complex of seven different buildings, providing the ultimate in modern luxury while serving as a living tribute to the city’s storied past.

Many of the bright and spacious rooms feature balconies or even large terraces where you can enjoy Madrid’s famous Spanish sunshine in a private, relaxing environment. Other especially noteworthy amenities are the four-level spa, sunny pool terrace, and rooftop restaurant run by renowned Spanish chef Dani Garcia.

Façade of the Four Seasons hotel in Madrid, Spain.
The stately façade of the Four Seasons. Photo credit: Matt Dany

7. Riu Plaza España

Rising tall over the famed plaza of the same name, Riu’s Plaza España hotel is a newcomer to Madrid’s accommodation scene, having opened its doors in summer 2019. But it’s quickly become one of the essential luxury hotels in Madrid for its exquisite service, prime location on the western end of Gran Vía, and 500+ modern yet comfortable rooms.

Despite its location in the urban core of Madrid, the hotel boasts an impressive number of outdoor spaces, including an outdoor pool on the 21st floor and the gravity-defying Sky Bar and 360º Terrace even higher up. Enjoy the fresh air and postcard-worthy views of Madrid while catching some rays or chilling out with a bespoke cocktail in hand.

Upward view of a large beige and red brick hotel building against a clear blue sky.
The Hotel Riu Plaza España towers over Madrid’s downtown core. Photo credit: Eduardo Rodriguez

Luxury Hotels in Madrid FAQs

What are the best luxury hotels in Madrid near Gran Vía?

The Hospes Puerta de Alcalá, Four Seasons, and Riu Plaza España are all located just off of Gran Vía, providing easy access to Madrid’s lively main avenue.

How much does it cost to stay in a luxury hotel in Madrid?

Rates can vary depending on the hotel and type of room or suite. In general, expect to shell out anywhere from €300–800 a night to stay in one of these luxury gems. However, it is possible to find deals in the €150–200/night range for some (not all) luxury hotels, if you happen to be booking at the right time!

Update Notice: This post was originally published on September 14, 2015 and was updated with new text and photos on April 21, 2021.

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