As of September 19, 2026, the cheapest reward night we price here costs 38,000 IHG points for a January 2027 check-in. Booking that same night with cash would cost about $206. On a typical night here, a point is worth 0.55¢, roughly 4% below the IHG program median of 0.57¢. Among the 14 IHG hotels we track in Madrid, it ranks 10th for point value. Nine nearby IHG hotels give you more per point. Program-wide it ranks 4909th of 6,672 IHG hotels.
This hotel ranks 10th 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 | $239 | 0.60 |
| Nov 2026 | 33,000 | $193 | 0.59 |
| Dec 2026 | 36,000 | $208 | 0.58 |
| Jan 2027 | 37,000 | $193 | 0.52 |
Hotel Indigo Madrid - Gran Via is the 10th point value among the 14 Madrid hotels we price daily. The strongest value there right now is Holiday Inn Express Madrid - Airport at 0.60¢ per point. The cheapest night on sale here has ranged from 33,000 to 38,000 points, depending on the day you check. Within Hotel Indigo it ranks 169th of 198 on point value. At 0.55¢ per point it beats 26% of the IHG hotels we track, a fair use of points.
From 38,000 IHG points as of September 19, 2026. The cheapest night on sale has ranged from 33,000 to 38,000 points, depending on the day. 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 fair use. At 0.55¢ per point it sits below the IHG median of 0.57¢ and beats 26% of hotels we track.
Holiday Inn Express Madrid - Airport at 0.60¢ per point is the best IHG point value we track in Madrid right now.
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