It is a legendary stage that specialises in large musicals with spectacular sets. Its privileged location on Gran Vía and the ambition of its productions make it one of the most significant and well-known theatres on the Madrid circuit.

The theatre opened in 1946 with a musical starring Concha Piquer. Although it was converted and used as a cinema for years, in 1997 it led the conversion of Gran Vía into a Madrid Broadway with the musical 'El hombre de La Mancha' (Man of La Mancha). Since then, it has specialised in programming fundamental works of the genre, such as 'La Bella y la Bestia' (Beauty and the Beast), 'Mamma Mia!', 'Los miserables' (Les Miserables) or 'El rey león' (The Lion King), which celebrated its tenth anniversary in 2021.

The theatre has 1456 seats spread over three levels. Each level also has its own space for drinks receptions and cocktail parties.