Accor signs Fairmont hotel and residences in Spain

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Accor signs Fairmont hotel and residences in Spain

Fairmont La Hacienda

Spain: Accor has signed a management agreement with Odyssey Hotel Group and Millenium Hospitality Real Estate for a Fairmont hotel and residences in Andalusia.

Located in La Hacienda, a gated residential and golf development set on 400 hectares of land, the Fairmont project will fully open by early 2024.

The complex will offer 323 keys including 153 hotel guest rooms and 51 villas offering 170 keys. 36 of the villas come with a private pool, living room and kitchen and will be sold to third parties across a range of one, two and three suites.

Amenities throughout the site include five restaurant and bars, a spa and gym, several swimming pools, along with flexible meeting rooms and a ballroom.

Xavier Grange, SVP development for Accor southern Europe, said: “We are thrilled to announce the signing of this Fairmont hotel in Spain, especially with our partners Millenium Hospitality Real Estate and Odyssey Hotel Group. It is a significant step forward in Accor’s luxury development in Southern Europe. Our ambition is to continue to build a greater collection of luxury hotels, especially resorts, to meet the growing demand for high-end hospitality in the market. I’m confident Fairmont La Hacienda will be one of the most luxurious destinations in Southern Europe.”

Javier Illán, president and CEO of Millenium Hospitality Real Estate, said: “We are proud that a globally recognised brand such as Fairmont has signed on to manage one of our properties, especially in one of the top luxury destinations in Spain. I am convinced that the future Fairmont hotel will be a benchmark for luxury in Europe and, without a doubt, one of the assets with the greatest value potential of our portfolio.”

Rick van Erp, CEO of Odyssey Hotel Group, said: “Odyssey Hotel Group is extremely proud to have secured this exciting hotel project in Southern Spain. For Odyssey, it is a transformational time as the Fairmont La Hacienda will be the first resort within our extraordinary portfolio. We are at the starting line of our expansion in Spain, with Fairmont La Hacienda as second property in this country. Moreover, it is our first partnership with Accor and Millenium Hospitality Real Estate, therefore, we thank our partners for putting their trust and confidence with us. We look forward to splendid cooperation and to further growth within Europe.”

Odyssey Hotel Group operates a portfolio of 20 hotels across Europe, with 30 currently under construction. In December 2020, ActivumSG joined Odyssey as the major shareholder.

Millenium Hospitality Real Estate develops and invests in hotels across Spain and Portugal. Notable properties include Radisson Collection Bilbao, JW Marriott Madrid, Nobu Madrid, amongst others. The company is in the process of repositioning.

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