Rosewood Hotels & Resorts® has been selected by RLH Properties, a company listed on the Mexican Stock Exchange and owner of Hotel Villa Magna in Madrid, Spain, to manage the iconic property following a thoughtful enhancement that will be undertaken by RLH Properties. This will be the brand's first hotel in Spain and fourth operation in Europe, where Rosewood is also expanding into other prime locations. Situated in the heart of Madrid, on the revered Paseo de la Castellana, a grand boulevard lined with renowned and architecturally impressive restaurants, shops and attractions, the beloved property will debut as Rosewood Villa Magna following a refurbishment, during which the property will remain open, that will incorporate a contemporary design, displaying an inspired interpretation of Spain's capital city. The hotel is centrally located, immediately neighboring the prestigious Serrano shopping district, and other well-known nearby landmarks such as the Golden Triangle of Art, home to the Prado, Thyssen-Bornemisza and Reina Sofía Museums. Villa Magna is currently closed as a precautionary measure due to COVID-19 and will reopen on September 1, 2020 operating independently until Rosewood assumes management once the refurbishment works have come to an end towards late 2021.