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The hotel was declared Bien de Interés Cultural in 1999. [7] Starwood moved the hotel to its Westin Hotels division on March 1, 2000, renaming the property The Westin Palace Madrid. [8] In 2005, Starwood sold the hotel to Host Marriott as part of a package of 38 international hotel properties, for $4.1 billion. [9]
The Mandarin Oriental Ritz, Madrid is a historic five star Belle Époque hotel in Madrid, Spain at No. 5 in Retiro district, next to the Prado Museum. Opened in 1910, it is owned and managed by the Mandarin Oriental Hotel Group. The hotel's façade is a listed national monument. [1]
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Madrid will have more than 2,700 luxury hotel rooms by the end of 2023, up 50% from a decade ago, according to a report by commercial real estate services company JLL.
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Westin Hotels & Resorts is an American upscale hotel chain owned by Marriott International. As of June 30, 2020 [update] , the Westin Brand has 226 properties with 82,608 rooms in multiple countries in addition to 58 hotels with 15,741 rooms in the pipeline.