Fairmont Hotels & Resorts has signed a deal to
manage the 432-room Hotel Rey Juan Carlos I in Barcelona, Spain.
Fairmont will assume management of the
property and will officially rebrand the hotel Fairmont Rey Juan
Carlos I, Barcelona.
As part of the deal, the property will
undergo an extensive renovation starting in 2015. The hotel will
however remain open throughout the revitalization period.
"This is an exciting asset for our portfolio in
a key European gateway city," said Jennifer Fox, president, FRHI
International and Fairmont Brand. "Barcelona is one of the most
popular destinations in Europe and a key hub for the cruise
market, as well for MICE travel, a segment in which Fairmont has
established itself as an industry leader. We're thrilled to be
adding this celebrated hotel to our portfolio and look forward to
continued growth of the Fairmont brand in Europe and globally."
The Hotel Rey Juan Carlos I, designed by renowned
architect Carlos Ferrater, was the winner of the National Prize
for Architecture in 1993. It was inaugurated by the King and Queen
shortly before the Barcelona Olympic Games of 1992 and offers a wide breadth of amenities including the Polo Restaurant, Club
Lounge and a lobby bar.
It provides large banquet and meeting
space of 2,500 square meters (26,900 square feet) as well as a fitness and spa with both indoor and outdoor pools, plus
13 treatment rooms.
The hotel also provides direct access to the
Palau de Congressos de Catalunya, a world-class congress center
offering over 4,000 square meters (43,000 square feet) of
exhibition space and a 2,000 seat auditorium.
a globally recognized operator like Fairmont to manage the Rey
Juan Carlos I ensures that the property will not only be
successful, but that it will lead the luxury hotel market in the
region," said Luis Arsuaga, executive vice president Spain & Portugal, JLL Hotels & Hospitality Group. "Fairmont was the clear
choice to operate the property with its unrivalled hotel collection and long history in managing iconic assets. The highly
competitive bid process, which was undertaken by JLL, also demonstrated that international investors and global operators are
interested in investing in Spain."
With a central location
downtown, the hotel is situated on Barcelona's main avenue,
Avenida Diagonal, and offers panoramic views over the
city and the sea.
Situated near Barcelona's famous shopping
districts, Placa Catalunya and Passeig de Gracia, it is also next
to Camp Nou, the stadium of the famous "Barca" Football Club and
adjacent to the Royal Polo Club of Barcelona.
Martin Kandrac, executive vice president, real estate & development, FRHI Hotels & Resorts,
said, "The addition of such a high
profile asset, in a key gateway city, is an important part of our growth strategy in Europe and the hotel joins other iconic hotels
in key markets such as The Savoy in London, Fairmont Hotel Vier
Jahreszeiten in Hamburg and Fairmont Monte Carlo."
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