Tag Archives: Azora

Palladium Hotel Group continues its international expansion with the announcement of three new hotels for 2020. Representing an investment of more than 57 million euros, the Spanish hotel group is opening new properties in Spain and Italy next year with the aim of continuing to grow and strengthen two of its most important brands: Grand Palladium Hotels & Resorts and Palladium Hotels. They are also set to launch the three all-inclusive hotels next summer. Grand Palladium Sicilia Resort & Spa and Grand Palladium Garden Beach Resort & Spa are located on the Italian island of Sicily, and Palladium Hotel Menorca is situated on the Balearic Island of Menorca. Located on the beachfront of the traditional town, Campofelice di Roccella and close to Palermo and its airport, this ten-hectare resort will consist of two hotels namely Grand Palladium Garden Beach Resort & Spa and Grand Palladium Sicilia Resort & Spa. Palladium Hotel Group has partnered with investment and asset management firm Azora in a joint venture to invest in the European holiday hotel sector. As part of this strategic partnership, a 31 million euros investment is funding the renovation and development of this new Sicilian resort. Inspired by the true essence of Menorca and the Mediterranean Sea, Palladium Hotel Menorca will open in summer 2020 following a 26-million-euro investment. It will be the second property under the Palladium Hotels brand to open outside of Ibiza, following the opening Palladium Hotel Costa del Sol in July 2019. Abel Matutes Prats, CEO, Palladium Hotel Group states, ” These openings represent a very important investment for the company with which we seek to continue growing and improving our products and services, but they also …

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