FOUR SEASONS HOTELS AND RESORTS AND EMIN CAPITAL ANNOUNCE UPCOMING PROJECT IN MALLORCA (Spain)
Four Seasons to expand in Spain with seaside resort on the Mediterranean with focus on sustainable development and preserving natural environment
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FOUR SEASONS HOTELS AND RESORTS AND EMIN CAPITAL ANNOUNCE UPCOMING PROJECT IN MALLORCA (Spain)
Four Seasons to expand in Spain with seaside resort on the Mediterranean with focus on sustainable development and preserving natural environment
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Category: Europe - Spain - Industry economy
- New brands / Affiliations
This is a press release selected by our editorial committee and published online for free on 2021-03-22
Four Seasons Hotels and Resorts, a global leader in luxury hospitality, and Emin Capital, a private equity investment company focused on hospitality and real estate, announce plans for Four Seasons to manage the former Hotel Formentor in Mallorca, Spain.
Originally opened in 1929, the existing hotel will undergo extensive renovations before it is unveiled as a Four Seasons experience in 2023. The property will offer 110 rooms and suites and is located on a 1,200 hectare (3,000 acre) plot of the Formentor Peninsula, offering access to a pristine beach, as well as a functioning vineyard a short five minute drive away.
“Following our entry into Spain in 2020, we are very excited to continue this momentum and expand our presence in this important market with a resort in Mallorca, offering guests a unique Four Seasons experience in a top European destination,” says John Davison, President and CEO, Four Seasons Hotels and Resorts. “It is a privilege to work alongside Emin Capital to create a new vision for this exceptional property and we look forward to a successful partnership for many years to come.”
“Formentor is a landmark of Mallorca in a key and unique setting in the Mediterranean. For Emin Capital, the goal of our investment was to protect both, and to reinvigorate the Resort with a great luxury brand such as Four Seasons. We are committed to implementing sustainable and green initiatives in our revitalisation of this property, while maintaining an exceptional design, facilities and renowned service,” added Jordi Badia, Chairman and CEO of Emin Capital.
Mallorca, the largest of the Balearic Islands in the Mediterranean, can be accessed via ferry or a short flight from Barcelona, with additional direct flights from many European cities. Mallorca’s natural beauty and easy accessibility long established the island as a top tourist destination for European and international travellers. Mallorca’s turquoise waters, limestone cliffs and lush greenery make the picturesque island one of the world’s most sought-after destinations.
About the Upcoming Four Seasons Resort in Mallorca
Located an hour away from Palma de Mallorca Airport, the upcoming Four Seasons in Mallorca will offer something for everyone through its extensive culinary offerings, relaxing spa facilities and exclusive seaside activities as one of the only properties in the area with direct beach access.
All of the 110 rooms and suites will offer balconies with sea and forest views, allowing guests to soak in their beautiful surroundings. The renovations will be overseen by architects Estudio Lamela and SCT Estudio de Arquitectura, with interior designs by Gilles & Boissier.
At the vineyard a short five-minute drive from the Resort, guests can enjoy exclusive programming, including farm-to-table activities. The Resort will also include an indoor restaurant, beachfront restaurant and café, and a poolside bar and grill. Additional onsite activities will include tennis courts and beautiful spa facilities.
The Resort will also be the perfect choice for those planning meetings, events, weddings and incentive travel, offering three event spaces as well as outdoor options to take advantage of the natural landscape.
The project has been designed to respect and protect its natural surroundings through various environmental initiatives, such as the restoration of native vegetation and planting, reduced water consumption, rainwater harvesting and the use of grey water for landscape irrigation, heat recovery systems, solar power through use of solar panels, and food waste management systems. Other initiatives include the use of electric vehicles and low energy consumption through a very considered design approach.
Four Seasons new project in Mallorca will become the second Four Seasons offering in Spain following the recent opening of Four Seasons Hotel and Private Residences Madrid in September of 2020.
About Emin Capital
Founded in 2014, Emin Capital is an Andorran Private Equity firm that primarily focuses on high-end Real Estate Hospitality investment and development.
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