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 Madrid funds refurbishment of 219 vacant homes for affordable rent 13 July 2026 Hotels Hotel investment totalled €2,530M in the first half of the year in Spain 14 July 2026