Palma City Council paves the way for major hotel investments

For example, four brand new luxury hotels are going to be built after an agreement was reached with the government this week.
The new law (which will be included in the Plan to Reform the Playa de Palma) will provide legal coverage to all private investments planned for this winter in a move set to be the largest investment in the island in over 30 years.

Palma Councillor for Tourism Alvaro Gijon announced plans for the construction of a five star hotel, two four stars and one with four star plus - all in the Arenal area between Balneario 5 and 6 - expressing his satisfaction with the decision, stating that it “demonstrates the interest in investing in the area.” “This new law will be in place later this month and will allow local businessmen and other companies to invest. “This would never be possible with the old statute. “It will also facilitate renovation and improvement works on existing establishments.
List of hotels “We have a list of over 15 hotels that want to change category and that would not have been impossible before.” Gijon added that the plan will also “authorise hotels to expand their existing buildings by up to 20%” to upgrade their category. “We will not allow anything crazy but we cannot ask businesses to lower their capacity in order to improve quality. It would not make sense,” he said.