Thompson Madrid: 17,000–23,000 Hyatt points/night. Cash $329–$466, redemptions average 1.99¢/pt — at program median.
Observed cash rates run $329–$466/night, last refreshed 2026-05-09.
Current chart valid through 2026-05-19.
Hyatt's program median sits near 1.7¢/pt.
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.
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.
Complimentary breakfast for two for Globalist members.
Confirmed-suite-upgrade awards (TSUs) accepted at this property.
Complimentary internet for World of Hyatt members.
World of Hyatt is a 1:1 Chase Ultimate Rewards transfer partner.
75,000 points after $5,000 in 3 months, verified 2026-05-09; covers 375% of one standard night.
Dining spend on Sapphire Preferred earns 3× — that's how much you'd spend to earn one standard night.
Numbers are re-verified by hand on this page until the rewards crawler covers Hyatt — see methodology.