Spain

1,800 views||Aug 19, 2020,05:40am EDTIsabelle KligerContributorOpinions expressed by Forbes Contributors are their own. I write about travel, culture and food.Barcelona is a dream destination for beach lovers. Apart from being blessed with close to three miles of easy-to-access city beaches, there are some 360 miles of jaw-dropping coastline to explore within just a couple of…

News 18 Aug 2020 by Mark Caswell Accor signed a total of 14 properties across Northern Europe in the first half of this year, including four hotels in the UK and Ireland. A new Ibis Budget hotel is set to open in Glasgow in 2022, next to the group’s forthcoming Tribe property, and Business Traveller…

Madrid-based private equity real estate firm Azora has raised €680m for its new fund focused on hotel investments around the Mediterranean. The vehicle, launched last year, surpassed its initial €600m target, revealing investors’ confidence in the recovery of the hospitality industry despite the impact of Covid-19. The Azora European Hotel & Lodging fund has a €750m…

CHICAGO–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with a wholly owned subsidiary of Intriva Capital European Principal Investment Fund I LP (“Intriva”), a European private equity fund, to see the former iconic Byblos Hotel in Mijas redeveloped into a luxury 200-bedroom resort. The property,…

Owned by Markway Inversiones S.L., a company of the Platinum Estates Group, the property will be managed by Hilton and is set to open at the beginning of 2022, and will mark the Conrad brand’s arrival in Spain. “The Costa del Sol is an incredibly popular destination with holidaymakers from all over Europe and beyond,…

MADRID: China’s state-owned energy and infrastructure giant China Three Gorges (CTG) has agreed to buy 13 Spanish solar plants built by Madrid-based renewables firm X-Elio, marking its entry into the Spanish energy sector, X-Elio said on Tuesday.The expansion into Spain follows CTG’s purchase of a 23 per cent stake in Portugal’s largest utility EDP-Energias de…

The Reuben brothers have expanded their portfolio in Ibiza, acquiring Pacha Hotel. Credit: El Hotel Pacha. REPORTS are circulating that Britain’s wealthiest property investors are going into business with Grupo Pacha, the Ibizan chain that is renowned across the globe for its world-class superclub. As Euro Weekly News understands, the Reuben brothers have agreed a…

Eight venues on the island of Ibiza have recently implemented the most important international distinction in nightlife, the renowned Triple Excellence in Nightlife. So, the so-called “White Isle”, becomes the tourist destination that gathers the most international nightlife distinctions in the world. This recent achievement has allowed for Ibiza to surpass the island of Tenerife…

BalearicsInternational HomeNews Hotels The Formentor Hotel on Pollensa Bay.24-05-2020Archive The co-president of the Barceló Group, Simón Pedro Barceló, has confirmed that the Formentor Hotel will be sold in early December. “The purchase option made by a foreign investment fund has to be effected by 3 December. The offer has been made and despite what has…

UPMARKET: The resorts have pursued a different kind of tourism in recent years CREDIT: Asociación de hoteleros Palmanova Magaluf Twitter @ashopama PALMANOVA and Magaluf are aiming for a safe summer season free of the booze-fuelled excesses which have given the popular resorts a certain notoriety for drunken tourists behaving badly, especially Brits. The Palmanova-Magaluf Hotelier…