Marriott International has signed an agreement to introduce the JW Marriott brand to Madrid.
Located in the central Plaza de Canalejas, JW Marriott Madrid will be developed by Millenium Hotels Real Estate as part of their lease agreement with a wholly owned subsidiary of Belagua and is expected to open in 2022.
“We are delighted with the acquisition of this spectacular, historical asset and to announce that it will become part of the iconic JW Marriott brand and the first JW Marriott hotel in Spain,” Javier Illán, president of Millenium Hotels Real Estate, said.
“This property will perfectly demonstrate Millenium Hotels’ investment focus to acquire incredible properties to become the very best luxury hotels in prime areas of major cities, operated by the finest brands.”
Marriott currently operates 93 properties in Spain across its portfolio.