New look Hotel Formentor will re-open in 2023
"The hotel was purchased for 120 million euros...."
Hotel investment in Mallorca
Hotel investment is forecast to recover later this year.
A third of 2020 hotel investment was in the Balearics
Real-estate investment in the Spanish hotel sector fell over 60% in 2020.
The Bini pension in Porto Cristo is to be renovated
The Bini pension in Porto Cristo is to be renovated.
A new hotel in Porto Cristo that will want guests to go out
The philosophy of Anirà Bé Petits Hotels is "socialising" tourism, so that the local economy benefits.
Hotel sold to consortium with links to Bill Gates
"Garage sale" at the Hotel Formentor
"Twenty million euro up-grade plan has been announced."
Hotel group linked to Bill Gates buys Hotel Formentor
"20 million upgrade plan has been approved by the Pollensa Council..."
Hotel expansion projects under way in Mallorca
2.68 million euros will be spent on basic reforms at the Condesa hotel in Alcudia.
Hotelier cautious optimism in Pollensa
The president of the Pollensa hoteliers association, keeps few establishments open.
Number of Balearic hotels for sale skyrockets amid COVID
Official data show that hotel reservations were 83% lower last month than in the same period last year.
20 million euro investment for Hotel Formentor
The Hotel Formentor is in the process of being purchased; it was the purchaser who had requested planning permission.
Hotel Formentor, Puerto Pollensa, Mallorca
There is to be redevelopment at the Hotel Formentor.
Playa de Palma, Mallorca
Playa de Palma is staying open.
A dozen hotels staying open in Playa de Palma
Some six per cent of all establishments are open.
Playa de Muro, Mallorca
Playa de Muro, one of the resorts where hotels are up for sale.
Some 100 hotels for sale in Mallorca
The total sales value is around 1,000 million euros.
Tourism
Very few Palma hotels still open
422 flights are scheduled to land or take off at Palma airport this weekend, which is 90% less than last year.
Playa de Palma, Mallorca
Palma and Playa de Palma attracting hotel investor interest.
Palma among hotel investment target destinations
Investment funds looking to acquire at more competitive prices.
Holiday rentals
Holiday rentals fared better than hotels in July and August in Mallorca
The percentage falls in numbers of holiday rental tourists were much lower than for hotels.