In the heart of Madrid's Literary Quarter

This new edition of Home Decor It will be held from April 9 to May 24, 2026, in the heart of Madrid's Literary Quarter, at the corner of San Agustín and Cervantes streets. This historic, literary, and artistic neighborhood was once home to the great figures of Spain's Golden Age. Adding to this inspiring legacy is the Paseo del Prado, a World Heritage Site and the oldest tree-lined promenade open to the public in the world, which is also home to three of the world's most important museums: the Prado Museum, the Reina Sofía Museum, and the Thyssen-Bornemisza Museum.

Casa Decor expresses its sincere gratitude to the shared ownership of the building, Sircle Collection and Take Point, for hosting this golden edition, before converting the palace into a charming luxury hotel.

Built between 1892 and 1895 by the architect Enrique Sánchez y Rodríguez, as the residence of Alonso Álvarez de Toledo y Caro, Marquis of Vélez and Count of Niebla, this palace house is one of the few examples of noble architecture that still remain in the area.

After the demolition of the old San Agustín convent and the Medinaceli palace – where the Palace hotel is located today – the widowed duchess of Medinaceli sold the corner plot to the marquis, who that same year commissioned the construction of his family residence, an urban palace with a basement, three floors and a tower on the corner.

The façade of the original palace displays this sober and imposing classicist style, with elegant and monumental interior spaces, especially on the ground and first floors. The residence of the Marquises of Vélez was the last palatial home built in this area and one of the last to survive after the destruction of the nearby Xifré Palace. The current floor area is 3.500 square meters. Despite the building's change of use from a sumptuous palace to a simple convent, traces of its former grandeur remain on the ground and main floors, such as the beautiful entrance hall with its white marble floors, stained-glass windows by the Maumejean workshop, elaborate moldings and cornices, and a monumental semicircular staircase.

The building is jointly owned by Sircle Collection and Take Point, who will jointly lead its renovation to create the luxury Sir Agustin hotel. The project includes 33 rooms, a restaurant, and The Cover, Sircle Collection's innovative private club concept.

The hotel will reflect the city's contemporary spirit and rich cultural heritage. Its renovation will restore historical elements alongside modern interventions that respect the building's essence, offering a versatile and iconic space that integrates architecture, design, and creativity.