As of August 3, 2026, the cheapest reward night we price here costs 38,000 IHG points or about $211 in cash for the same night. Its typical point value is 0.54¢ per point, roughly 8% below the IHG program median of 0.58¢. Among the 14 IHG hotels we track in Madrid, it ranks 9th for point value. Eight nearby IHG hotels give you more per point. Program-wide it ranks 5905th of 6,622 IHG hotels.
This hotel ranks 9th of 14 IHG hotels we track in Madrid. Ranked by cents per point, across every IHG brand.
| Check-in | Points | Cash | ¢/pt |
|---|---|---|---|
| Aug 2026 | 40,000 | $240 | 0.60 |
| Nov 2026 | 33,000 | $194 | 0.59 |
| Dec 2026 | 38,000 | $211 | 0.56 |
Hotel Indigo Madrid - Gran Via is the 9th point value among the 14 Madrid hotels we price daily. The strongest value there right now is Holiday Inn Express Madrid - Alcorcon at 0.63¢ per point. Points required have ranged from 33,000 to 38,000 per night across the dates we price. Within Hotel Indigo it ranks 176th of 194 on point value. At 0.54¢ per point it beats 11% of the IHG hotels we track, a poor use of points.
From 38,000 IHG points as of August 3, 2026. Across the dates we price it has ranged from 33,000 to 38,000 points. Prices move daily.
A free reward night here starts at 33,000 points in November 2026, the cheapest month we have priced. That is a straight points redemption, not a free night certificate.
It is a poor use. At 0.54¢ per point it sits below the IHG median of 0.58¢ and beats 11% of hotels we track.
Holiday Inn Express Madrid - Alcorcon at 0.63¢ per point is the best IHG point value we track in Madrid right now.
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