Type
Closure
Country
Spain
Region
Comunidad de Madrid;
Location of affected unit(s)
Madrid
Sector
Accommodation / Food
Accommodation
Hotels and similar accommodation
55.10 - Hotels and similar accommodation

100 jobs
Number of planned job losses
Job loss
Announcement Date
15 May 2025
Employment effect (start)
18 May 2025
Foreseen end date
15 September 2025

Description

Lopesan Hotel Group has reached an agreement with unions regarding an Employment Redundancy File (ERE) of the 100 employees at the Hotel Miguel Ángel in Madrid, which has remained closed since the pandemic. After 45 days of tense negotiations, a deal has been reached, offering tiered severance packages based on age: up to 28 days per year worked for younger staff, and progressively lower terms for older workers. Additional support measures include a special agreement to cover pension contributions for those over 55 and an external outplacement plan lasting six to nine months, depending on age.

Initially, Lopesan intended to extend the temporary Employment Redundancy File (ERTE), but legal constraints and operational inactivity made this unfeasible. The unions attribute the improved terms to public pressure and sustained worker mobilisation. Looking at the future, Lopesan is intended at launching a €50 million renovation of the hotel, in partnership with Stoneweg, to transform it into a high-end Lopesan Collection property, reinforcing Madrid’s luxury tourism offering.


Sources

Citation

Eurofound (2025), Hotel Miguel Angel, Closure in Spain, factsheet number 202744, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202744.