Starwood Hotels and Resorts is set to open a new 'luxury lifestyle' hotel in the center of the Madrid's thriving restaurant and entertainment district. They are set to open by 2018. The hotel, W Madrid, will be located on Plaza de Canalejas. W Madrid will have 141 guestrooms, which includes a total of 20 suites and one 'Extreme Wow Suite.' Such a room is considered to be W Madrid's interpretation and version of the traditional Presidential Suite. The hotel will also feature a rooftop bar, an outdoor pool deck, a workout facility, two meeting rooms, and a signature restaurant.