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The contemporary take on Art Deco styling makes the Urban perhaps the most sophisticated luxury hotel in the city, while the Puerta del Sol proximity keeps down the price. The soaring central atrium hints of the building’s previous life as an office building, but decor wipes away all sense of the workplace. The Derby owners are inveterate art collectors, and they’ve installed some extremely tall Papua, New Guinea, sculptures in the lobby, while gracing some of the suites with smaller South and Southeast Asian sculptures and art pieces. The large rooms feel rather like a supersized passenger cabin in a Rolls limo—all dark wood and leather, brushed metal, padded upholstery, and glass. Thorough soundproofing shuts out the outside world. The rooftop terrace has chaise lounges for catching the rays by day (then cooling off in the pool), as well as tables and stools for drinks at night.