Ferrari was founded in 1929 and has since become a globally recognized brand. In addition to exotic cars, you can buy everything from Ferrari-branded clothing to domino sets… and now, you’ll be able to stay at a Ferrari-themed hotel.

The brand announced Thursday (March 13) that it has partnered with European theme park PortAventura for the creation of Ferrari Land — an 807,000 sq. ft. expanse that will feature attractions like the highest and fastest vertical accelerator in Europe, and a five-star hotel that’s shaped like a Formula One race car.

The themed hotel would be a Ferrari first, featuring 250 rooms, multiple restaurants, and its own driving simulator.

Altogether, the project will reportedly cost $140 million to build, with the theme park set to open in 2016.

However, construction of the hotel is unknown. But, the design looks awesome. From concept renderings, we can see the car’s nose flowing down to produce the entry canopy, propped up by two struts just like on an F1 car. The front wing spans the width of the the lower level, with the side-pods housing the main hotel rooms (the glass windows appear like the car’s radiators). Up top there’s an open viewing area (possibly a restaurant) posing as the cockpit, with the mini rear wing on top.