Situated close to Spain’s parliament (Palacio de las Cortes) and convenient for the Prado, the Urban is sophisticated, architectural, and luxurious. It occupies a contemporary building with a soaring central atrium. The style is Art Deco, punctuated by exquisite items of primitive and Oriental sculpture. Large carvings of Papua New Guinean tribespeople loom over reception; there’s even a little museum showing the private collection of Jordi Clos, who runs the Derby Hotels group. The spacious rooms have a luxury liner feel, with dark woods, brushed metal, and padded leather upholstery; the suites have a lighter, upper-deck air, and there’s a small rooftop pool and terrace. The Cebo restaurant, run by head chef Aurelio Morales, is one of Madrid’s finest, offering a 17-course tasting menu—a gastronomic tour of every Spanish region.