The hotel scene of the Spanish capital has received a big piece of news – one of Europe’s original grand luxury hotels, Hotel Ritz Madrid, has been sold. Mandarin Oriental and Olayan Group (Saudi Arabia-based) have announced a joint acquisition of the iconic property, that was finalised in a deal worth $148 million. Hotel Ritz Madrid – once of Belmond acclaim – is a Baroque palace that has roots going back to 1910.The hotel is anticipated to undergo a $103 million renovation in 2017, which will see a destination spa and new restaurants added to the mix. All guestrooms and public spaces will get a makeover, and the historic façade is scheduled for a refit in the coming months.A new website for Hotel Ritz is coming soon: www.mandarinoriental.com/madrid.
Author Liberty Access TechnologiesPosted on November 20, 2018Categories Electric Vehicle News Are Larger Format Cells In The Works For Tesla’s Trucks & Power Packs? MotorWeek Tests Out The Jaguar I-PACE: Is Hugely Impressed The Jaguar I-Pace signifies a big leap for Jag into the electric car segment.However different, the Tesla Model S 75D and the Jaguar I-Pace are similar in many areas. Both of them represent vehicles that are built to rule their respective markets and both try to bring a dose of luxury in the electric vehicle world. The Model S 75D is a bit longer in the tooth, while the I-Pace signifies the ramp-up in the brewing war for the higher-end electric vehicle market.More about the Jaguar I-Pace and the Tesla Model S P75D Performance wise, these two are rather similar. The Jaguar I-Pace is powered by a dual motor setup that comes with a 90kWh battery. The Model S 75D comes with the same dual motor setup, however, it’s fitted with a slightly smaller capacity 75kWh battery. The vehicles come with similar power: 362 horsepower and 486lb-ft of torque for the Tesla and 394 horsepower and 513lb-ft of torque for the Jaguar. In simple 0-60mph (0-97km/h) terms, the vehicles do that sprint in 4.5 seconds and 4.2 seconds for the Jaguar and Tesla, respectively.Price wise, they are once again, quite similar. Right now, U.S pricing-wise, the Jaguar I-Pace starts at $69,500 and the Tesla will set you back $66,200, making them most likely choices for any owner looking for an EV in that price range. However, Tesla is headed for a phase-out of the federal tax credit, while Jaguar is still able to offer the $7,500 that the federal government gives EV buyers across the nation. With all these items taken into account, it’s no wonder that What Car decided to put these two in a rather in-depth test drive comparison. The end result? Quite interesting.If you read the September edition of What Car? magazine, you’ll have seen a different outcome in this very same test, with the Model S coming out on top. But a couple of things have changed since then.The automotive publication praises both the I-Pace and the Model S in several categories. However, in the end, the verdict is a bit surprising. What Car dubs this an extremely close-run thing, but in the end, the I-Pace clinches the win. What Car doesn’t think that the I-Pace is as quite as good to drive as the Model S (it’s a crossover, after all), nor is it as practical. However, they feel that the real-world range, paired with the ownership costs – two crucial areas for EV ownership – are tipping the scales in Jaguar’s favor. Furthermore, they also think that the I-Pace is more comfortable and classier inside. Interesting.For those interested, you can read the full comparison review of the Tesla Model S 75D and the Jaguar I-pace right here. While the winner is a bit surprising, we can certainly see why the I-Pace – in their opinion – is a winner in the end. It’s one of the best looking EVs on the market today, it’s well built and however great the Model S is, it’s a vehicle that’s been out there for some time. And that makes it vulnerable for all the upcoming challengers in the mid-range electric luxury vehicle market, that’s for sure. Source: Electric Vehicle News Watch Tesla Model S 75D Hit The Dyno