"With its 19th-century palacio exterior—complete with an original bookseller’s facade next door—and British Colonial–inspired navy-and-white interiors by acclaimed designer Lázaro Rosa-Violán, the Only You Hotel & Lounge hardly seems like the urbane, grown-up sibling of Ibiza party staple Ushuaïa, although the name might give it away. And, while the exceptionally trendy bar and lounge hiding behind the bookshop windows (along with more than 30 kinds of gin and a live DJ) attracts a who’s who of cool Madrileños, it’s the thoughtful little touches that really give away the hotel’s decadent roots, such as all-day breakfast for guests and a 24-hour check-in/check-out policy. But the Only You stands on its own, too, planting its flag in the up-and-coming Chueca neighborhood. Distinctive decor includes a chinoiserie scene painted over the elevators, mirrored wall panels in both the restaurant and lobby lounge, and original exposed beams in some rooms. The restaurant would be a destination in its own right, on par with any in Madrid ’s cutthroat culinary scene, and the tuned-in concierge team has the hookup at all the best spots in town. The hotel will be opening a new wing with an expanded lounge, outdoor terrace, and new rooms in the fall of 2015."