Madrid Xanadú is a large shopping mall and entertainment center in Arroyomolinos

Arroyomolinos

Arroyomolinos is a municipality of the Community of Madrid, Spain.- External links :...

, Spain

Spain

Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

 at the Autovía de Extremadura section. The Mall is one of Europe's largest and most recognized, with over 222 shops, eateries, and a 15-screen Cinesa Movie Theater. The main attraction is Madrid SnowZone, a huge covered track, used for ski

Ski

A ski is a long, flat device worn on the foot, usually attached through a boot, designed to help the wearer slide smoothly over snow. Originally intended as an aid to travel in snowy regions, they are now mainly used for recreational and sporting purposes...

ing and to go snowboarding

Snowboarding

Snowboarding is a sport that involves descending a slope that is covered with snow on a snowboard attached to a rider's feet using a special boot set onto mounted binding. The development of snowboarding was inspired by skateboarding, sledding, surfing and skiing. It was developed in the U.S.A...

. The track is from a Canadian company, Intrawest

Intrawest

Intrawest ULC is a developer and operator of destination resorts and a luxury adventure travel company. The company was founded in 1976 as a privately funded real estate development company...

.

Mall Ownership

The American-based Mills Corporation

Mills Corporation

The Mills Corporation was a publicly traded real estate investment trust headquartered in Arlington, Virginia, United States, acquired on April 3, 2007 by an investment group composed of Simon Property Group and Farallon Capital Management. The company developed, owned, and operated major...

 developed the mall in 2002. It opened the next year with great fanfare. Madrid Xanadú was the company's first mall outside the United States and was planning to build more malls in Europe.
In 2006, the Canadian mall company Ivanhoe Cambridge

Ivanhoe Cambridge

Ivanhoe Cambridge is a property management and development company that formed from the merger of two former companies, Ivanhoe and Cambridge, in 2001.-Ivanhoe Corporation:...

 bought Madrid Xanadú from Mills to alleviate the latter company's financial problems.

Xanadu's Counterpart

In 2004, The Mills started to build its counterpart, Xanadu Meadowlands (formerly named Meadowlands Xanadu

Meadowlands Xanadu

American Dream Meadowlands is a retail and entertainment complex being constructed in the Meadowlands Sports Complex in East Rutherford, Bergen County, New Jersey, in the New York City Metropolitan Area. The first phase of the five-story complex is scheduled to open in Autumn 2013 and the...

) in New Jersey

New Jersey

New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...

, however, ownership changes and countless delays have plagued the complex and it has yet to open.