Montage Beverly Hills, the first new hotel to be built in the city in more than 17 years, was recently awarded the Forbes Five Star Award, at a ceremony at the Forbes Gallery in New York.

Montage, the first new hotel to be built in the city in more 17 years and which celebrates its first anniversary Tuesday, received the award from Forbes Magazine publisher Steve Forbes. Established in 1958, the Forbes Five Star Award, formerly the Mobil Five Star, is based on a rigorous evaluation of hundreds of facility and service standards at each property.

Of the 6,000 rated properties, 47 received the Five Star distinction, and Montage Beverly Hills was the only new hotel in Southern California to have achieved this honor.

“This award is an incredible honor for Montage Beverly Hills, which in less than a year has already achieved legendary status,” Beverly Hills Mayor Nancy Krasne said in a statement.