Business · Companies · 1 day ago
Spain sees a surge in luxury homes linked to hotel brands
Luxury homes developed with hotel and other prestigious brands are expanding in Spain.
These homes offer services and amenities designed to match the brands’ hotels, beyond their location and design.
Madrid, Marbella and Barcelona already have five such developments, including homes linked to Four Seasons, Mandarin Oriental and Hyatt.
Four Seasons opened Spain’s first branded residences in central Madrid, with 22 homes that sold before they were handed over in October 2020.
Spain ranks first in Europe and tenth worldwide by the number of branded-home projects in development, according to a study cited in the story.
Thirteen more developments are planned over the next three years, which would bring the number of homes with these services to almost 800.
Planned projects include the first Ritz-branded residences in Madrid, as well as developments linked to Banyan Tree and SLS.
Spain is expected to have nearly 800 branded luxury homes as 13 developments are planned over the next three years.
The projects would multiply the number of branded residences in the country fivefold.
Spain ranks first in Europe and tenth worldwide for branded-residence projects in development, according to Knight Frank’s report.
Madrid, Marbella and Barcelona currently have five completed complexes linked to luxury brands.
The homes combine luxury accommodation with personalized services and a hotel-style lifestyle.
- Who
- Luxury property developers and brands, including Four Seasons, Ritz, Banyan Tree and SLS, are involved.
- What
- Spain is set to add 13 branded-residence developments, bringing the total number of homes to nearly 800.
- When
- The projects are planned over the next three years.
- Where
- Madrid, Marbella and Barcelona, Spain.
- Why
- Wealthy buyers are seeking personalized services and a lifestyle beyond luxury locations and buildings.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The first branded-residence project in Spain, Four Seasons’ 22 homes in central Madrid, was delivered after all homes had sold.
Madrid, Marbella and Barcelona have five completed branded-residence complexes.
Residences by Banyan Tree, SLS and Casa Lamar are due to arrive in Madrid.
Thirteen developments are projected, bringing the number of branded homes in Spain to nearly 800.
- Planned developments
- 13 over the next three years
- Projected total
- Nearly 800 branded homes
- Current completed complexes
- 5 in Madrid, Marbella and Barcelona
- Spain’s global ranking
- 10th for projects in development
- First Spanish project
- Four Seasons, 22 homes in Madrid, delivered in October 2020
Sources
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