The Palace Hotel in Madrid is one of the most luxurious and iconic hotels in Spain. This grand hotel has been a symbol of elegance, sophistication, and impeccable service for over a century. However, many people wonder who owns this impressive property.
According to the official website of the Palace Hotel, the property is currently owned by Katara Hospitality, a global hotel owner, developer and operator based in Qatar. The company was established in 1970 and has since then expanded its operations to various countries around the world.
Katara Hospitality took ownership of the Palace Hotel in 2015 after acquiring it from its previous owners, Westin Hotels & Resorts. The purchase was part of Katara Hospitality’s strategy to expand its portfolio of luxury hotels and resorts worldwide.
Since taking over the property, Katara Hospitality has invested heavily in renovating and refurbishing the Palace Hotel to maintain its status as one of Madrid’s top luxury hotels. The renovations included upgrading guest rooms and suites with modern amenities while retaining the hotel’s classic charm.
The Palace Hotel’s history dates back to 1912 when King Alfonso XIII commissioned it as a luxurious hotel for visiting dignitaries. The building’s architecture boasts an eclectic mix of neo-classical and art deco styles that have been preserved over time.
Today, guests can enjoy various amenities such as an outdoor pool with stunning views of Madrid’s skyline, a fitness center, a spa offering a range of treatments, as well as several dining options that serve both traditional Spanish cuisine and international dishes.
In conclusion, while the ownership of the Palace Hotel has changed hands over time, it remains one of Madrid’s most prestigious hotels. With its rich history and opulent design elements blended with modern amenities offered by Katara Hospitality who currently owns it – guests can experience an unforgettable stay at this iconic property.