The Palladium Hotel Group will continue to consolidate its expansion strategy in 2020 with key openings. The first will be Palladium Hotel Menorca, a four-star all-inclusive hotel that will be one of the group’s most ambitious projects in the Spanish market and in which the company will invest 26 million euros for its renovation. Also in the Mediterranean, specifically in the north of the Italian island of Sicily, Palladium Hotel Group will open Grand Palladium Garden Beach Resort & Spa and Grand Palladium Sicilia Resort & Spa with Azora as a strategic partner. It is a 10-hectare resort consisting of two hotels with 469 rooms, in which more than 31 million euros will be allocated for the comprehensive renovation of the facilities.
Looking towards the end of the year, the group is planning the launch of the urban brand Only YOU Hotels – which so far is only present in Madrid – in Malaga and Valencia; as well as exporting its TRS Hotels brand, which will open in Ibiza in 2021 for the first time after its success in the Caribbean. The Group celebrates its 50th anniversary this year and has also announced a new president and new CEO. Abel Matutes Prats will be the new president and Jesús Sobrino the new CEO of Palladium Hotel Group, manager and owner of the hotel brands.
