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Hyatt · Thompson HotelsUpdated reviewed 2026-05-09 · award + cash ratesCat 5Madrid, Spain

Thompson Madrid

Thompson Madrid: 17,000–23,000 Hyatt points/night. Cash $329–$466, redemptions average 1.99¢/pt — at program median.

Current award nights cost
Off-peak
17,000 pts
Standard
20,000 pts
Peak
23,000 pts

Observed cash rates run $329$466/night, last refreshed 2026-05-09.

Current chart valid through 2026-05-19.

Expanded chart · Cat 5 · effective 2026-05-20
Lowest
15,000
Low
20,000
Moderate
25,000
Upper
30,000
Top
35,000
Cents per point
1.99¢
Fair value

Hyatt's program median sits near 1.7¢/pt.

The math

Are points worth it here?

Scenario
Cash rate
Points
¢ / pt
Cheapest cash night
Fair
$329
20,000
1.65¢
Median cash night
Fair
$397
20,000
1.99¢
Priciest cash night
Strong
$466
20,000
2.33¢

Math: cents-per-point = (cash USD ÷ points) × 100. The “Median” row uses the observed median rate from 2026-05-09; high and low scenarios price the same 20,000-point standard award against the cheapest and priciest observed cash nights.

About the property

What makes Thompson Madrid worth the points.

Thompson Madrid occupies a converted classical façade at Plaza del Carmen in the Centro district, a 5-minute walk from Puerta del Sol and 8 minutes from Gran Vía. The 175 rooms start at a compact 30 m² Standard with modernist palette and Spanish-stone bathrooms; suites step up from 42 m². The on-site dining is run by Madrid's La Ancha group: Hijos de Tomás (the casual ground-floor bistro), TAMA (the lobby-level brunch and Globalist breakfast venue), and The Omar (cocktails and small plates). The rooftop pool deck looks across the city's central rooftops to the Royal Palace.

Highlights
  • · Plaza del Carmen address — 5 minutes to Sol, 8 minutes to Gran Vía
  • · TAMA — Globalist breakfast venue, lobby-level brunch by La Ancha
  • · Hijos de Tomás — the La Ancha group's casual ground-floor bistro
  • · Rooftop pool deck with views across central Madrid to the Royal Palace
  • · 175 rooms in modernist Spanish design, opened 2022
Member benefits

What you get when you book on points.

Globalist breakfast
Yes

Complimentary breakfast for two for Globalist members.

Suite Upgrade Awards
Yes

Confirmed-suite-upgrade awards (TSUs) accepted at this property.

Free Wi-Fi for members
Yes

Complimentary internet for World of Hyatt members.

Seasonality

When points cost more (and when they don't).

Calendar notes
  • · Late May through early June is the deepest off-peak window — 17,000-point nights with $329 cash routine.
  • · July and August trend off-peak as Madrileños leave the city — 17,000-point availability with mild cash rates.
  • · Late September through October (post-summer, pre-Christmas) is consistently peak with $450+ cash and 23,000-point peaks.
  • · Holy Week (Easter) and the Christmas-through-Three-Kings window (December 22 through January 6) push to peak rates.
Globalist fine print
  • · Suite Upgrade Awards (TSUs) typically confirm Premium Rooms or Junior Suites; the Plaza Suite and the Penthouse are excluded.
  • · Globalist breakfast is served at TAMA; Hijos de Tomás and The Omar are not part of the breakfast benefit.
How to earn the points

20,000 points, three ways.

Chase UR transfer
20,000 UR

World of Hyatt is a 1:1 Chase Ultimate Rewards transfer partner.

Chase Sapphire Preferred bonus
375%

75,000 points after $5,000 in 3 months, verified 2026-05-09; covers 375% of one standard night.

Dining at 3× on CSP
$6,667

Dining spend on Sapphire Preferred earns 3× — that's how much you'd spend to earn one standard night.

FAQs

What people ask about Thompson Madrid.

Data freshness
  • // award category re-checked 2026-05-09
  • // cash rates observed through 2026-05-09
  • // expanded award chart cat 5 effective 2026-05-20
  • // CSP offer snapshot checked 2026-05-09
  • // editorial last reviewed 2026-05-09
  • // source: www.hyatt.com

Numbers are re-verified by hand on this page until the rewards crawler covers Hyatt — see methodology.