[citation needed] The palace was built between 1920 and 1922 for Abárzuza, Conde de las Almenas III.

Financial difficulties forced him to sell the treasures for 2 million pesetas to a US buyer [1] The prime minister Antonio Maura died there by falling down a flight of steps.

Indalecio Prieto and Jose Miaja used it as their base to organise the Battle of Brunete.

[3] The palace has suffered heavily from looting and vandalism over the years, and a fire destroyed many of the remaining artworks in 1998.

[2] Planning permission was refused for the hotel in 2013 due to the building's value as a cultural monument [4]