Rosewood Hotels & Resorts has been chosen to manage Mexican Stock Exchange-listed RLH Properties’s Hotel Villa Magna in Madrid, Spain.

This will be Rosewood’s first hotel in Spain and fourth operation in Europe.

Located in the heart of Madrid, on the Paseo de la Castellana, the property will launch as Rosewood Villa Magna after refurbishment.

The hotel is close to the prestigious Serrano shopping district, and other well-known nearby landmarks such as the Golden Triangle of Art, Thyssen-Bornemisza and Reina Sofía Museums.

Currently, Villa Magna is closed as a precautionary measure due to Covid-19.

It will reopen on 1 September and operate independently until Rosewood takes over the management after refurbishment works are completed by late 2021.

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Following refurbishment, the hotel will feature a contemporary design, displaying an inspired interpretation of Spain’s capital city.

Rosewood Hotel Group chief executive offier Sonia Cheng said: “As one of the world’s most alluring cultural capitals, Madrid is an ideal destination in which to raise the Rosewood flag, and we are thrilled to have the opportunity to join together with our valued partners at RLH to breathe new life into one of the city’s most prolific properties, Villa Magna.

“A mecca for arts, culture and cuisine that perfectly balances the old with the new, Madrid offers the perfect canvas for our guiding A Sense of Place philosophy. We look forward to bringing our differentiated approach to ultra-luxury hospitality to Spain with this special hotel.”

 Rosewood Villa Magna will offer 150 guestrooms and suites, distinct dining experiences and an inspired Sense, A Rosewood Spa.

RLH Properties CEO Borja Escalada said: “The iconic Villa Magna plays an important part in Madrid’s history, and as such we are proud to embark on this new journey with our exceptional team at the Villa Magna and together with Rosewood Hotel Group towards enhancing this unique asset that enjoys an irreplaceable location and taking it to the next level of luxury.

“We are excited to add our third Rosewood property to the RLH portfolio, alongside sister resorts Rosewood Mayakoba in Riviera Maya, Mexico and the upcoming Rosewood Mandarina in Riviera Nayarit, Mexico.”

Rosewood Villa Magna will join Rosewood’s portfolio of European properties, which currently feature Rosewood Castiglion del Bosco in Tuscany, Rosewood London and Hôtel de Crillon, A Rosewood Hotel in Paris.

Other properties set to open within the next three years include Rosewood Vienna, Rosewood Munich, Rosewood Venice and Rosewood Hotel, Grosvenor Square, London.