The Ritz Hotel in Madrid is one of the most luxurious hotels in the city, attracting tourists and locals alike. However, have you ever wondered who owns this iconic hotel? Let’s dive in and find out.
History of the Ritz Hotel Madrid
The Ritz Hotel Madrid was inaugurated on October 2, 1910, by King Alfonso XIII. It was designed by French architect Charles Mewes and his Spanish partner Luis de Landecho. Since its opening, the hotel has been a symbol of luxury and sophistication in Madrid.
Ownership of the Ritz Hotel Madrid
In 2015, the Ritz Hotel Madrid was acquired by Mandarin Oriental International Limited from Belmond Spanish Holdings S.L. for a whopping €148 million. Mandarin Oriental is a leading hotel group that operates some of the world’s best luxury hotels and resorts.
Who is Mandarin Oriental International Limited?
Mandarin Oriental International Limited is a Hong Kong-based multinational hospitality company that manages some of the world’s most luxurious hotels, resorts, and residences. The company was founded in 1963 as ‘The Mandarin’ in Hong Kong’s Central district.
Today, Mandarin Oriental operates 33 hotels and seven residences across 23 countries worldwide. The brand is known for its exceptional service, stylish design, and unique locations.
The Future of Ritz Hotel Madrid
After acquiring the hotel in 2015, Mandarin Oriental announced plans to renovate the property to meet its high standards. The renovations began in February 2018 and were completed in May 2021.
The newly renovated Ritz Hotel Madrid features updated guest rooms and suites with modern amenities while preserving its original charm and elegance. The hotel also boasts several restaurants serving international cuisine, a bar with an extensive cocktail menu, a fitness center with state-of-the-art equipment, and a luxurious spa.
Conclusion
The Ritz Hotel Madrid is currently owned by Mandarin Oriental International Limited, a leading hospitality company known for its luxurious properties. With its rich history and recent renovations, the Ritz Hotel Madrid continues to be one of the most sought-after hotels in the Spanish capital.
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