What $500 Buys in Madrid

Steven Noble

Madrid, known for its traditionally festive holiday season, will be especially celebratory this year, with the city still buzzing from Spain’s World Cup victory. And with service to Madrid-Barajas Airport expanding after a merger between British Airways and Iberia, flights should be plentiful.

Compiled by Shannon Adducci and Amanda Friedman

Dinner for six at La Cuchara de Tepa at the Hotel Palacio de Tepa, which opened in October in the Las Letras district. Michelin-starred chef Paco Roncero specializes in traditional dishes such as tiger mussels and croquettes, just like those on the menu at his late-night tapas bar, Estado Puro. nh-hotels.com.

One night in the Selenza suite at the 44-room Hotel Selenza, the first hotel on Salamanca’s posh Claudio Coello street (Chanel, Hermès and Dior are practically neighbors). Architect Aurelio Rubio restored the hotel’s 19th-century façade, and inside he created decor that is decidedly eclectic-contemporary. selenzahoteles.es.

Three handmade silk-satin blouses from the women’s boutique Arquitectura Humana, which opened in March in the Chueca district. Former haute couturier Mencía González-Barros, who also takes custom commissions, creates each of the limited-edition pieces in her atelier behind the shop. arquitecturahumana.es.

Two rounds of Guaracha cocktails, plus patatas bravas and oxtail tartare for eight, at Le Cabrera, mixologist Diego Cabrera and Spanish star chef Sergi Arola’s recently opened gastrobar. The signature Guaracha—one of 80-plus cocktails here—combines raspberry vodka, yerba buena and lemon. lecabrera.com.

A private caviar tasting for two in the home of chef Pilar Latorre. Arranged by travel specialist Made for Spain, the tasting compares beluga with a sustainable river sturgeon caviar from Andalucía. madeforspain.com.

As of mid-September, 1 euro = $1.30