Ferrari Land is the unique sports car attraction just an hour southwest of Barcelona at the PortAventura theme park is set to be magical.

Inspired by the legendary Italian racing company, Ferrari Land is home to one of the highest and fastest vertical rollercoasters in the world -- as well as a five star hotel. The Vertical Accelerator rollercoaster launches riders up a towering spike reaching 368 feet at 112 mph in just five seconds.

PortAventura is the Mediterranean's most popular theme park and the second most-visited in Europe, welcoming 4 million visitors per year. The collaboration follows the successful début of the world's largest indoor theme park, Ferrari World in Abu Dhabi, which opened in 2010. CEO Andrea Perrone said Ferrari would continue to consider additional destinations outside Europe to expand the concept, but said: "The brand is our most important asset and we have to enhance its value without diluting it."