Luxury hotels have transformed tourism in Madrid in recent years, leading the evolution of the range of services on offer and promoting the most demanding sustainability policies.
ESG (Environmental, Social & Governance) factors have been gaining relevance in investment across all sectors, including hotel investment.
Hotel projects in Madrid in the last decade have stood out not only for improving the quality of services, but also for applying ESG criteria, both in the development process and in the implementation of daily business operations.
LED lighting, solar energy or the implementation of new water-saving technologies are examples of measures that not only improve the consumption rates of a hotel, but also reduce the financing costs for new projects.
Refurbishment or repositioning projects, such as new developments, result in establishments implementing processes that maximise energy efficiency through LED lighting, smart thermostats, solar energy and water-saving technologies or recycling systems. Data provided by hoteliers show that meeting ESG criteria in their hotels not only has an impact by reducing energy consumption by up to 40%, but also makes it easier for investors to access rebates through green financing.
The development of luxury hotels in Madrid in recent years has demonstrated how the highest standards of sustainability can be implemented while maintaining the city’s architectural heritage.
Establishments such as the Gran Hotel Inglés, the Westin Palace or the Madrid Edition hotel are some of the examples of how a historic building can become an example of sustainability. The refurbishment and repositioning of these buildings gives rise to authentic architectural gems that combine the charm of the past and high quality services with the best seals of sustainability:
Gran Hotel Inglés, the oldest hotel in Madrid repositioned as a 5* hotel. The new Gran Hotel Inglés retains its identity and its link with the city of Madrid after the comprehensive refurbishment of the building, including its protected façade. A work carried out by Fernández Molina.
The Westin Palace, a benchmark luxury hotel in Madrid committed to sustainability, where the installation of the energy recovery system for heating water stands out. Fernández Molina is currently participating in the renovation of this hotel while maintaining its identity, listed as an Asset of Cultural Interest (BIC).
The Madrid Edition, a spectacular transformation to an exclusive 5* hotel. It has been awarded as the best hotel conversion in Europe in 2023 and certified with the LEED Gold sustainability seal.
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