The luxurious Formentor Hotel near Puerto Pollensa is up for sale and the planned works will be completed within the next two years. Reports show that buyers will invest 20 million euros in its renovation.
Green light for renovations at Formentor Hotel
Until recently, the Formentor Hotel was run by The Barceló Group, who apparently confirmed the impending sale. In light of the sale, Pollensa City Council has given the green light for the renovation of the hotel. This represents a huge step forward for its buyers. The permit allows for extensive work on the site, but the renovation is to be completed within two years.
Who are the buyers?
Though it has yet to be confirmed in the press room of their website, the buyers are said to be Four Seasons Hotels and Resorts. The Canada-based company has been running high-end hotels since 1961, which they describe as “luxury for the modern traveler”. They would acquire more than 130 rooms and extensive gardens.
According to reports, the buyers are expected to invest a total of 20 million euros in renovations. It is hoped this will help boost the local environment and maintain its reputation as a luxury tourist destination.
About Formentor, a Royal Hideaway Hotel
The Formentor Hotel is known for its five star facilities and beautiful location. It is located on the edge of a vast forest area, nestled between two spectacular mountains. Guests have direct access to the beautiful Formentor Beach from the hotel, which is open from April to October.
The hotel was built in 1956 by the Argentinian Adan Dielh. He reportedly envisioned a remote utopia for guests, inspired by his love of art. Today, the hotel is famous for its historic guests, including Grace Kelly and Prince Rainier, Charlie Chaplin, and Winston Churchill.
For more information about the hotel, we recommend reading our blog article Hidden Places: Hotel Formentor. It describes the main attractions, history and beautiful sites of the hotel. At Balearic Properties we regularly update our news pages with the latest Mallorcan real estate news and insights.
Homes near Formentor
Thanks to its secluded location between the rolling countryside and the beautiful pine forest, the Formentor peninsula offers a unique level of privacy in Mallorca. The area is perfect for those who enjoy a bit of peace and quiet, without being too far from the wonderful amenities that the Pollensa area has to offer.
Villas in Formentor are often elevated and offer breathtaking views over the Mediterranean Sea, with a sandy beach nearby. Many properties have extensive gardens and luxurious swimming pools. We currently have a selection of beautiful Formentor villas in our portfolio, each with its own unique style, hidden away at cost.
Puerto Pollensa – Natural Beauty in North Mallorca
The closest town to Formentor is Puerto Pollensa. The area is one of the most desirable places in Mallorca to own a property. Once a small fishing port, Puerto Pollensa has retained its charm with a wonderful balance of lively restaurants and stunning views. The area is home to a spectacular white sand beach, bordered by the famous Pine Walk.
It is possible to find breathtaking properties throughout the Pollensa region, including villas, townhouses and apartments, set against a stunning mountain backdrop. At Balearic Properties we specialize in finding the perfect homes for buyers all over the island.
We are proud to be Savills’ exclusive partners in Mallorca, with over 20 years of experience in the local real estate market. We speak multiple languages, so contact us for more information or browse our entire collection of properties.