24 June 2026
24 June 2026
The rise of cooler destinations and off-season travel is changing hotel demand, making climate resilience and reliable guest comfort more important than ever.
The company’s other two properties in Spain are Mandarin Oriental, Barcelona, and Mandarin Oriental Ritz, Madrid.
The deal will add more than 1,300 rooms across multiple cities in the country.
The agreed price equates to 21.4× hotel adjusted EBITDAre and a 3.5% cap rate on hotel net operating income.
The 32-acre project will feature a 351-room hotel with a combination of guest rooms and suites.
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