Stylish, Italian-run joint dishing up inventive thin-crust pizzas, salads and house-made ice cream. Araldo is in Madrid, Spain, with pizza Restaurant cooking at the center of the experience.

Our model reads Araldo as a decisive No Star call, not because of one headline metric but because the guide-level and tier-level signals point in the same direction. The model does not see enough guide-level separation for a confident starred call. The safest reading is that the restaurant remains outside the starred set rather than sitting on the edge of a promotion. That separation is strong enough for the public prediction to land cleanly.