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Madrid: Looking for a second breath

7 min reading time

Published on 05/04/05 - Updated on 17/03/22

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A target for many hotel groups, the Spanish capital suffers from a growing over-capacity.The city is banking on the economic recovery, on a new worldwide momentum for tourism to restore a satisfactory level of hotel activity.A favourable decision for the organisation of the Olympic Games 2012 would accelerate the process and would cause a new influx of investments.

Madrid, Spain’s capital and largest city, extends over a vast plain situated 660 metres above sea level. Originally a Moorish fortress called Magerit, Madrid was captured by King Alphonse VI of Castile in the 1080s. Phillip II moved the royal court of Valladolid there in 1561. Since then its...

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