Platinum Reaches an Agreement with Hilton to Open its First Conrad Hotel in Spain
Main Photo: The new Conrad hotel – imagined
Date: July 2020
Location: Costa del Sol, Spain
Name: Conrad Costa del Sol Hotel – opening early 2022
No. of Keys: 194
Seller: The first Conrad Hotel in Spain is going to be located on the Costa del Sol, specifically on land where the failed Park Hyatt project was going to be built, a site that Platinum Estates bought last year.
Buyer: Platinum Estates Group will open Hilton’s first Conrad Hotel in Spain, on the site of the failed Hyde Park project on the Costa del Sol. Platinum are also building a hotel in Marbella, which is scheduled to open in 2021.
With the imminent arrival of Four Seasons and W in Madrid, both have projects underway in Plaza de Canalejas, a new five-star resort from the US group Hilton is now in progress.
The hotel chain, which owns almost twenty brands, has signed an agreement with the Platinum Estates group, controlled by the Mohinani family, investors of Indian origin who have lived in Hong Kong for a long time and who have been active in the Spanish real estate market for many years.
The plot spans a surface area of 50,000 sqm and has a constructed area of 40,000 sqm. From the moment it acquired the site, Platinum’s objective has been to build a new luxury hotel on the Costa del Sol and it will now be operated by Hilton.
The hotel will have 194 rooms and “impressive” facilities and is scheduled to open in early 2022.
Roshni Mohinani, President of Platinum Estates ltd. said: “We are delighted to announce our agreement with Hilton to operate this hotel under the prestigious Conrad brand, and we look forward to continuing to work closely with our valued partners in the local community to bring this project to life. The beautiful Costa del Sol continues to attract domestic and international tourists alike, and we see great potential for investment in this area.”
Conrad Costa del Sol will be no exception, boasting stunning sea views from its vantage point in the Andalusian hills, with spacious contemporary guestrooms and expansive luxurious facilities including a large spa with indoor pool, multiple outdoor pools, two bars and a high-end restaurant. The Costa del Sol’s vast coastline, which is home to more beaches than any other area of the Andalucía region, is a five-minute drive away.
Platinum own several Hilton hotels in the UK, and Spain, as well hotels under the Hyatt, IHG and Marriott brands
THPT Comment: Interesting that Hilton has stepped in where Hyatt didn’t succeed.
First Seen: Brainsre.news
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
For more information – Visit www.thpt.co.uk or email info@rrh.hmf.mybluehost.me.