Madrid is a city where history meets modernity, where centuries-old landmarks coexist with a cutting-edge cultural and culinary scene. From its art-filled museums and royal palaces to luxurious hotels and world-class gastronomy, the Spanish capital is bursting with energy, diversity and creativity, and whether you’re exploring its verdant parks, savouring a glass of local wine or enjoying the buzz of its vibrant nightlife, the city offers endless inspiration for visitors.
In this edition of Monaco Life’s Around the World series, we dive into what makes Madrid one of Europe’s most dynamic destinations, from its globally renowned business schools and economic growth to its opulent accommodations, culinary hotspots and must-visit cultural gems. Get ready to explore Madrid like never before.
Luxurious stays
Madrid is home to some of Europe’s most luxurious hotels.
Set in the Salamanca district, Bless Hotel Madrid combines 19th-century aristocratic charm with contemporary touches. Guests can relax by the rooftop pool, unwind in the spa or enjoy a meal at the hotel’s Michelin-starred restaurant. The rooftop bar is a must-visit for drinks, offering stunning views.
Meanwhile, the Madrid Edition combines sleek, minimalist design with luxurious amenities. Open to both guests and visitors, the hotel features chic rooms, a rooftop terrace with city views and stylish dining options. Oroya, the rooftop restaurant by Chef Diego Muñoz, serves Peruvian-inspired dishes, while the lobby bar is perfect for cocktails and relaxed evenings. A pool table in the lounge adds to its laid-back charm, and the highly Instagrammable spaces make it a standout in Madrid.
For timeless luxury, the Mandarin Oriental Ritz is hard to beat. This historic Belle Époque hotel, originally opened in 1910, has been restored to blend its classic charm with contemporary comfort. Situated near the Prado Museum, it’s ideal for those who want to explore the city’s cultural gems in luxury.
Exploring Madrid
Madrid is a city rich in culture and history. Among its most popular sites is the Prado Museum, a space that houses one of the world’s most comprehensive collections of European art. Art enthusiasts can marvel at masterpieces by Velázquez, Goya and Bosch. Monaco Life’s favourite part is the museum’s lower level, which features Goya’s haunting Black Paintings; a glimpse into the artist’s darker period.
Complementing the Prado, the Thyssen-Bornemisza Museum presents an extensive collection that spans from medieval to modern art. Visitors can explore works by renowned artists such as Caravaggio, Monet and Van Gogh.
After immersing yourself in the world of art, take a stroll through Madrid’s most iconic park. Once a royal retreat, El Retiro Park is now a public space spanning over 125 hectares. Visitors can stroll through manicured gardens, row boats on the lake and admire the iconic Crystal Palace, a glass pavilion that often hosts art exhibitions. Nestled within Retiro, Florida Park is a go-to spot for Sunday brunch. We highly recommend the tapas bar that overlooks the park.
The Royal Palace, located in the heart of Madrid near Plaza de Oriente, showcases Spain’s rich monarchical history. Though no longer a royal residence, it remains the official state venue for ceremonies. Visitors can explore its opulent rooms and enjoy the tranquil Sabatini Gardens. A local tip: head to the nearby Templo de Debod, an ancient Egyptian temple that was gifted to Spain in the 1960s, for the most beautiful panoramic views of the city by sunset.
Exploring Madrid’s culinary scene
Madrid is home to some of Europe’s most exciting culinary experiences. Starting in the upscale Barrio de Salamanca, Jorge Juan Street is a must-visit for any foodie. This vibrant thoroughfare is lined with some of Madrid’s finest restaurants and is home to the original Amazónico, a dining destination that has since inspired locations worldwide, including here in Monaco.
See more: Experience Monaco’s wild side at the new Amazónico Monte-Carlo
Within Amazónico, the Jungle Jazz Club provides an exclusive space showcasing nostalgic jazz sounds. With nightly performances from house bands playing Latin-inspired jazz, Bossa Nova and Cuban music, guests are entertained throughout the evening. Additionally, the Amazónico distillery offers an opportunity to sample expertly crafted spirits in a speakeasy-like setting.
Further along Calle Jorge Juan, Ultramarinos Quintín blends rustic charm with contemporary dining, offering Spanish classics like jamón and croquetas alongside creative dishes. Don’t miss the oxtail stew!
Not far from Calle Jorge Juan, on Calle Velázquez, is Joselito’s, a true haven for jamón lovers. Known for its world-renowned jamón ibérico, this spot is perfect for indulging in Spain’s finest cured ham. Whether you’re looking to savour it on the spot or buy some to take home, Joselito’s offers a premium selection.
Also located on Calle Velázquez, La Maruca is a popular spot for a relaxed lunch, known for its fresh, simple dishes inspired by Cantabrian cuisine. Try their slow-cooked beef cheeks, a house specialty.
For meat lovers, Monaco Life recommends Charrúa, a restaurant that showcases traditional Uruguayan grilling. Specialising in various cuts cooked over an open flame, it’s a great choice for a satisfying meal. The Chuleton, a tender ribeye steak, is a highlight. To round off your meal, try the Vulcan Dulce de Leche—a rich, molten cake made with caramelised milk, a beloved South American treat.
Must-visit Bars
For a one-of-a-kind cocktail experience, Salmon Guru is unmatched. Known for its innovative mixology, the bar delivers an unforgettable experience. Arrive early, ideally before 6pm, as queues often form later in the evening. Stepping inside, you’re transported into a vibrant world of bold, anime-inspired and Asian-themed décor, with neon lights, quirky details and an electric atmosphere. The menu is just as imaginative, featuring cocktails that are as much art as they are drinks. A standout is the Bubble Bath, a gin-based concoction served in a bathtub glass with foam on top.
Regarding wine bars, Madrid doesn’t disappoint. Monaco Life has two recommendations, starting with Gota Wine Bar. Gota combines a chic, minimalist bar with a curated selection of vinyl records that add a cool, laid-back vibe to the space. The wine list is both extensive and playful, featuring bottles with fun, memorable names alongside classic vintages. For food, the oysters are a must-try. The menu also includes several small plates, making it a great choice for a relaxed evening of wine tasting and light bites.
The second recommendation is Vinology Conde de Aranda, a distinguished wine bar that pays homage to the rich diversity of Spanish and Argentine wines. The establishment offers a curated selection of over 300 wine references, showcasing both renowned labels and hidden gems from small producers. Customers can also enjoy a variety of snacks, including fresh seafood, artisanal cheeses, and charcuterie.
A visit to Madrid wouldn’t be complete without stopping at Plaza de la Independencia, home to the iconic Ramses. Designed by Philippe Starck, this stylish spot blends modern design with a prime location overlooking the Puerta de Alcalá. Inside, the bar offers a sleek and lively atmosphere, making it a great choice for drinks, while the outdoor terrace provides a more relaxed setting with views of the historic square.
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Main photo credit: Victor O., Unsplash