Published on : Monday, March 22, 2021
Four Seasons Hotels & Resorts and Emin Capital, a private equity investment company focused on hospitality and real estate, recently confirmed plans for the hotel company 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 property in 2023.
The property will feature 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. 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. Its natural beauty and easy accessibility long established the island as a top tourist destination for European and international travellers.
John Davison, chief executive, Four Seasons Hotels & Resorts said in a statement that following the company’s entry into Spain in 2020, authorities are very excited to continue the momentum and expand its presence in the important market with a resort in Mallorca, offering guests a unique Four Seasons experience in a top European destination. He mentioned that it is a privilege to work alongside Emin Capital to create a new vision for the exceptional property and shared that the company is looking forward to a successful partnership for many years to come.
Jordi Badia, Chief Executive, Emin Capital added that Formentor is a landmark of Mallorca in a key and unique setting in the Mediterranean and Emin Capital’s goal behind the investment was to protect both, and to reinvigorate the resort with a great luxury brand such as Four Seasons. It was mentioned that the company is committed to implementing sustainable and green initiatives in therevitalisation of the property, while maintaining an exceptional design, facilities and renowned service.