
The Palace, a Luxury Collection Hotel, Madrid is a fully renovated 1912 landmark facing Plaza de Neptuno in Madrid’s historic center, with 470 redesigned rooms and suites plus a dramatic stained-glass dome restaurant in the UNESCO-listed “Landscape of Light.” It delivers high-touch Luxury Collection service and strong elite recognition within Marriott Bonvoy from its prime position steps from major museums and historic sights.
Bookable with Marriott Bonvoy points. Award pricing varies by date and category, so we link straight to the official Marriott Bonvoy award chart for current rates rather than publishing a number that can go stale. Cash rates below are our own observed rack rates, not what the program charges in points.
“The Palace, a Luxury Collection Hotel, Madrid is a fully renovated 1912 landmark facing Plaza de Neptuno in Madrid’s historic center, with 470 redesigned rooms and suites plus a dramatic stained-glass dome restaurant in the UNESCO-listed “Landscape of Light.” It delivers high-touch Luxury Collection service and strong elite recognition within Marriott Bonvoy from its prime position steps from major museums and historic sights.”
The Palace occupies Plaza de las Cortes 7 in Madrid’s Centro district, directly facing the Neptuno Fountain and embedded in the UNESCO-accredited Paisaje de la Luz. Originally opened in 1912 as a grand palace hotel, the property underwent a two-year restoration completed in 2025 under Lázaro Rosa-Violán Studio, preserving Belle Époque architecture while introducing contemporary interiors across public spaces and guest rooms. Its location places it within the Golden Triangle of Art, a short walk from the Prado Museum, Thyssen-Bornemisza National Museum, Retiro Park, and Plaza Mayor, with Puerta del Sol reachable in about ten minutes on foot and the airport 13 km away.
March to May and September to October offer mild temperatures around 15–24°C/60–75°F and relatively low rainfall, ideal for sightseeing and often cheaper than peak summer.
July and August should be avoided because average highs frequently exceed 32–35°C (90–95°F), with heatwaves over 40°C/104°F, making sightseeing uncomfortable; this peak-summer period also brings higher prices and heavier crowds.
Cash rates are re-checked by hand; live award pricing comes straight from the program rather than a number we publish here — see methodology.