Madrid is set to welcome the Mandarin Oriental brand later this year, following the restoration of the city’s iconic Hotel Ritz.

Business Traveller first reported on the plans to bring the Mandarin Oriental brand to the Spanish capital back in 2015, when the Belle Epoque property was purchased in a joint venture with Saudi Arabian multi-national The Olayan Group.

The 110-year old hotel is set to reopen as the Mandarin Oriental Ritz, Madrid this summer, and will feature 153 rooms including 53 suites, two of which are located within the top floor turrets and offer balconies with views over the Prado Museum.

Facilities will include a signature Quique Dacosta restaurant (famous for the three Michelin-starred Denia in Alicante, and the two Michelin-starred El Poblet in Valencia), which will overlook the hotel’s garden.

Other food and beverage outlets will include The Palm Court for all day dining and afternoon tea, featuring a glass canopy, as well as the Ritz Garden restaurant, Ritz Bar, and Champagne Bar.

The hotel will also offer an indoor swimming pool, vitality pool, “experience showers”, steam room, treatment room and fitness centre, as well as a ballroom and function spaces overlooking the Prado Museum

Commenting on the news James Riley, group chief executive of Mandarin Oriental Hotel Group, said:

“We are proud and excited to be opening Mandarin Oriental Ritz, Madrid this summer, our second hotel in Spain.The meticulous restoration is designed to ensure that this legendary property is once again recognised as one of Europe’s greatest hotels.

“We are confident that the local community will be even more proud of this historic landmark, and we look forward to providing our guests with memorable experiences, in majestic surroundings, all underpinned by Mandarin Oriental’s exceptional service.”

Mandarin Oriental recently announced plans to take over the management of the Emirates Palace Abu Dhabi, currently managed by Kempinski, and is also set to open its first Tel Aviv property in 2023.