23.06.2024 | 17:23

A building in Madrid will become a luxury hotel

12 June, 2024

The insurer Generali has been given the green light by Madrid City Council to convert its building at 21 Alcalá Street in the capital into a hotel. The building is classified as residential and included in the Municipal Catalogue of Protected Buildings, so it has been assigned a level of protection grade 1 level 2.

The Municipal Government Board has initially approved the special urban development plan that will make the conversion of its use from residential to accommodation viable. The Spanish capital will therefore house a new hotel service in a building that is currently in disuse, confirming the hotel boom in iconic buildings in Madrid’s Calle Alcalá.

The building has a built surface area of 11,570 m2, is classified as residential and included in the Municipal Catalogue of Protected Buildings and is located in the city centre so it has been assigned a level of protection that obliges the developer to safeguard architectural elements such as the façade, the doorway and the central common staircase.