Post by account_disabled on Feb 13, 2024 4:14:11 GMT -6
Another luxury hotel chain arrives in Madrid, this is People , which has chosen the center of the capital to open its first establishment in Spain.
The future Madrid hotel will have a 5-star category and will have 93 rooms , of which 16 will be suites in the format of penthouses with a terrace, as well as different common areas, such as various restaurant spaces and concepts, flexible spaces for meetings and events. , gym, spa and wellness area, as well as a pool and rooftop bar, enjoy one of the most privileged views of the city.
The hotel will be located at number 11 Gran, in a building France Telemarketing Data owned by the Socimi Millenium since 2022, when it bought it for around 70 million euros , and currently houses the Iberostar Las Letras Hotel. As announced by the SOCIMI, it has agreed with the current tenant to terminate the lease contract on June 30, 2024, so that from then on the repositioning and adaptation work to the brand can begin. The objective is for the works to be completed by the last quarter of 2025.
The property is located in the epicenter of cultural and commercial luxury in the Spanish capital, it has a classic style inspired by the Spanish Renaissance and is considered one of the architectural jewels of Madrid's Gran. Next to it there are other luxury hotels, including the JW Marriot hotel, and the future boutique hotels Zorrilla 19 and Nobu Madrid, also owned by Millenium.
People, whose founders are Barry Sternlicht and Bjarke Ingels , is an international firm specialized in hotel conceptualization, management and operation, oriented to the traditional luxury segment and combining art, music, culture and well-being. The Madrid hotel will be the firm's first in Spain, which will be followed by the one it plans to open in Ibiza this year.
The company focuses on both urban hotels and resorts in the main international tourist destinations in America and Europe, and already has a presence in Tulum, Holbox, Sian Ka'an (Mexico) and Miami (USA). In the short term, it also plans to open hotels in locations such as New York, All Marrakech, Berlin and Lisbon.
According to the newspaper Cinco Días, Millenium will invest close to 20 million euros in the renovation of the building.
The future Madrid hotel will have a 5-star category and will have 93 rooms , of which 16 will be suites in the format of penthouses with a terrace, as well as different common areas, such as various restaurant spaces and concepts, flexible spaces for meetings and events. , gym, spa and wellness area, as well as a pool and rooftop bar, enjoy one of the most privileged views of the city.
The hotel will be located at number 11 Gran, in a building France Telemarketing Data owned by the Socimi Millenium since 2022, when it bought it for around 70 million euros , and currently houses the Iberostar Las Letras Hotel. As announced by the SOCIMI, it has agreed with the current tenant to terminate the lease contract on June 30, 2024, so that from then on the repositioning and adaptation work to the brand can begin. The objective is for the works to be completed by the last quarter of 2025.
The property is located in the epicenter of cultural and commercial luxury in the Spanish capital, it has a classic style inspired by the Spanish Renaissance and is considered one of the architectural jewels of Madrid's Gran. Next to it there are other luxury hotels, including the JW Marriot hotel, and the future boutique hotels Zorrilla 19 and Nobu Madrid, also owned by Millenium.
People, whose founders are Barry Sternlicht and Bjarke Ingels , is an international firm specialized in hotel conceptualization, management and operation, oriented to the traditional luxury segment and combining art, music, culture and well-being. The Madrid hotel will be the firm's first in Spain, which will be followed by the one it plans to open in Ibiza this year.
The company focuses on both urban hotels and resorts in the main international tourist destinations in America and Europe, and already has a presence in Tulum, Holbox, Sian Ka'an (Mexico) and Miami (USA). In the short term, it also plans to open hotels in locations such as New York, All Marrakech, Berlin and Lisbon.
According to the newspaper Cinco Días, Millenium will invest close to 20 million euros in the renovation of the building.