Four Seasons Plans Spain Debut
Tuesday March 5th, 2013 - 8:35AM
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MADRID–Four Seasons Hotels & Resorts has unveiled plans for a 215-room luxury hotel here, its first property in Spain.
The hotel, which is scheduled to open in 2017, will be part of a mixed-use development housed in a series of historic buildings comprising what's known as the Canalejas complex. Other components of the project will include Four Seasons-branded condminium residences, a high-end shopping center and a parking garage. The location is in easy walking distance to Madrid's major landmarks and city center.
Grupo Villa Mir and Grupo OHL are developing the project jointly with Four Seasons Hotels & Resorts. Construction is scheduled to begin by the end of this year.
Tags: Hospitality Ownership
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.