Just finished a stay here on points. Paid 12-15k a night. Zero chance they don't do the standard Hyatt "open it at a low category and then raise steadily" move that they love so much. This will likely go to a 5 then a 6. Decor more like a Park, rooms very nice, service was very good, breakfast excellent. Great location. Overall awesome...would never pay $500 a night for it, but at 12-15k points it is a steal. Pity is that when they raise it, I will just go to other options in town because I still don't want to pay 25k points for any hotel in Madrid.