Overview
- The Madrid City Council's Governing Board granted initial approval for a plan especial on Thursday to return Gran Vía 40 to its original 1926 use as a hotel.
- The file has favourable reports from municipal and regional heritage bodies and ratification by the Dirección General de Patrimonio Cultural, which set the conservation conditions for the works.
- The proposal removes later additions, including part of an entreplanta and some top-floor volumes, reducing the built area from 5,731 square metres to 5,116 square metres.
- Project plans place the hotel lobby on the ground floor, guest rooms and common areas above, and the first and second basements will house installations and service spaces.
- The decision follows a string of hotel conversions on Gran Vía and could reshape the avenue’s mix of offices, shops and cultural uses, but the approval now faces a one-month public period for objections before final authorization.