InterContinental
MADRID, SPAIN
Single-asset
Asset Management
The Intercontinental Madrid was formerly the Palace of the Duchy of Aliaga, a building enjoying great years of splendor in the early 50s. The hotel is located in the middle of the famous Paseo de la Castellana, and regularly hosted various celebrities such as Ava Gadner or Liz Taylor, and the delegation who signed the agreements that would open the US military bases in Spain.
A large majority of its business comes from embassies, and many international corporations. Considered one of the best business hotels in the capital, InterContinental Madrid offers all the exclusive services that a luxury hotel can offer and gastronomy is another aspect of the hotel’s strengths.
Number of Rooms
302 units including 33 suites and 91 Club rooms.
food & beverage
two Spanish/international restaurants (one seasonal in the garden), one bar, and a club room buffet.
Back of the house facilities
engineering, dry & cold storage, dock, large banqueting kitchens.
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Opening year
1953 and was fully renovated in 2002.
meeting space
16 meeting rooms for up to 600 people (the ballroom has direct access to the garden).
Other SERVICES:
a small fitness area (3 massage rooms, but no spa), and concierge desk.
Number of Rooms
The 200 rooms include 39 suites, some on two levels and some with step-out balconies or spacious private terraces. The design is contemporary, overlaid with the depth of history.
food & beverage
There are four restaurants and bars, including Dani on the rooftop by chef Dani García, serving traditional Andalusian cuisine. For those looking for the atmosphere of a cocktail bar, Isa offers mixology at the forefront of current international trends, coupled with Asian tapas.
meeting space
The setting creates a stylish and memorable destination for business meetings, product launches, weddings, and gala parties, hosting up to 350 guests. The hotel offers 1,700 m2 (18,300 sq. ft.) of spaces across nine venues on the second floor, all with natural light and views across the city. Space includes two ballrooms with pre-function spaces, an open-air courtyard, and four versatile meeting rooms.
Wellness and Private Club
Four Seasons Madrid features a four-level spa and a sun-splashed 14-metres pool, creating an unbeatable experience for Madrileños and international guests.
Opening year: 2020 (originally built in 1887)
Number of Rooms
The 200 rooms include 39 suites, some on two levels and some with step-out balconies or spacious private terraces. The design is contemporary, overlaid with the depth of history.
food & beverage
There are four restaurants and bars, including Dani on the rooftop by chef Dani García, serving traditional Andalusian cuisine. For those looking for the atmosphere of a cocktail bar, Isa offers mixology at the forefront of current international trends, coupled with Asian tapas.
meeting space
The setting creates a stylish and memorable destination for business meetings, product launches, weddings, and gala parties, hosting up to 350 guests. The hotel offers 1,700 m2 (18,300 sq. ft.) of spaces across nine venues on the second floor, all with natural light and views across the city. Space includes two ballrooms with pre-function spaces, an open-air courtyard, and four versatile meeting rooms.
wellness & private club
Four Seasons Madrid features a four-level spa and a sun-splashed 14-metres pool, creating an unbeatable experience for Madrileños and international guests. Opening year: 2020 (originally built in 1887)
The 200 rooms include 39 suites, some on two levels and some with step-out balconies or spacious private terraces. The design is contemporary, overlaid with the depth of history.
There are four restaurants and bars, including Dani on the rooftop by chef Dani García, serving traditional Andalusian cuisine. For those looking for the atmosphere of a cocktail bar, Isa offers mixology at the forefront of current international trends, coupled with Asian tapas.
The setting creates a stylish and memorable destination for business meetings, product launches, weddings, and gala parties, hosting up to 350 guests. The hotel offers 1,700 m2 (18,300 sq. ft.) of spaces across nine venues on the second floor, all with natural light and views across the city. Space includes two ballrooms with pre-function spaces, an open-air courtyard, and four versatile meeting rooms.
Four Seasons Madrid features a four-level spa and a sun-splashed 14-metres pool, creating an unbeatable experience for Madrileños and international guests. Opening year: 2020 (originally built in 1887)
Some Key Highlights, Strategy & Improvements:
Global Asset Solutions’ team researched and got together with some of the most prominent Chefs in Madrid to develop a new Signature restaurant. The team investigated possible layouts and plans. We also looked at engaging an F&B consultant to develop an accurate and clear vision of what the market requires, and to establish an appropriate approach around the brand of choice.
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When ensuring that all financial controls were in place, we identified an old outstanding payment from a long- term guest and we ensured that the receivables were valid claims and properly supported. We usually reconcile on a daily and monthly basis (as appropriate). We ensure that credit has been granted in accordance with a formally approved credit policy and prudent business practices and the collection of receivables is reasonable and forthcoming. A reserve for doubtful accounts has been established and the reserve is reasonable.
Global Asset Solutions company ensures that the fees of management agreement are calculated correctly and paid on time, that the recharges are reasonable and properly invoiced. We also check that the operator’s distribution networks are delivering the expected bookings and that the commissions paid are all justified. For instance, we picked up invoices for agency commissions which appeared to be duplicated. Subsequently the operator was informed and involved in the resolving of this issue.
