IHG Plans 106-Room Kimpton Madrid Hotel and Cancels 20,000 Repurchased Shares
IHG•IHG will open its first 106-room Kimpton hotel in Madrid’s Salamanca district in mid-2030 via an El Corte Inglés partnership, featuring dining, spa, pool and rooftop venue. On June 22, IHG repurchased 20,000 shares at an average $170.14 and will cancel them, lowering issued shares to 149.22 million.
1. Kimpton Madrid Debut
IHG Hotels & Resorts has partnered with El Corte Inglés to launch its first Kimpton hotel in Madrid’s Salamanca neighborhood, scheduled for mid-2030. The 106-room property will occupy a heritage building and feature a ground-floor restaurant, spa, indoor swimming pool and a rooftop bar and restaurant to attract luxury leisure and business travelers.
2. Share Repurchase Program
On June 22, IHG purchased 20,000 ordinary shares at prices between $168.70 and $171.15, averaging $170.14 per share. The company intends to cancel these shares, reducing its issued share count to 149,223,876 ordinary shares outstanding, excluding treasury stock.
