It was declared a Fiesta of International Tourist Interest[1] and takes place in the permanent fairground commonly known as 'the Pan' or 'the Circles' situated near the centre of the city.

The monarch of the Bourbon, Felipe V, gave the city the privilege of realizing an annual franc fair for a length of four days.

This street still preserves its name, linking San Juan's Cathedral with Santa Catalina's plains, where the Fairground Building now stands.

In the 17th century, the market was moved outside the centre of the city, as there was significant commerce parallel to the parade every 8 September in the relevant places of Los Llanos.

In 1683, it was requested to king Carlos III that he declared the franc fair had to last for 3 days (7-9 September), and its location be established in the proximity of the convent near Los Llanos because it increases the chances of getting alms.

Even though this request was not fulfilled, on 6 March 1710, Philip V gave the city the privilege of a franc fair for 4 days (from 7 to 11 September).

Between 1710 and 1712, which is defined as the divided fair, it was celebrated 2 days in the place commanded by the city hall, and the rest near the Franciscan convent.

In 1944, major work was done to make the building bigger, adding a third circle to the Pan, the exposition room, and two more saloons at the entrance.

Between 2008 and 2010, for the 300th anniversary of the fair, major improvements were made to the fairgrounds and surrounding areas, including subterranean parking under the "Paseo.

Now, the area hosts a music pavilion for free concerts, craftwork and toy stands, stalls for businesses, and other larger fair attractions.

At the end of the main walk of the Pan, there are several stands where different associations and commerce groups exhibit products from different parts of Castilla la Mancha.

One of these popular products is the Miguelitos de la Roda, a puff pastry filled with custard and powdered sugar on top.