Iberian Property > News > Hotels Alting buys an office building in Gran Vía to convert into hotel The transformation works are expected to be completed in the first quarter of 2026. The project's investment is estimated at around 35 million euros. Alexandre Lima | 06/03/2025 Gran Vía 3, Madrid Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Residential Colonial and Vita Group create €1B student housing and flex living platform in Madrid 23 September 2026 Market Updates The Ugly Ducklings and the Swans: how international investors are reading Portugal 16 September 2026