The portfolio of Four Seasons hotels set in historic buildings in Europe's most important cities is expanding again with the development of the Canalejas Project in Madrid, Spain. With a planned opening within the next four years, the hotel will be the company's first in Spain.
"As Four Seasons continues its expansion into the world's most desirable destinations, Madrid has long been on our wish list," says Scott Woroch , executive vice president worldwide development for Four Seasons Hotels and Resorts. "With a proven track record of development success, operational excellence, and a strong capital base, the team of Grupo Villar Mir , Grupo OHL and Four Seasons is uniquely placed to create a spectacular property in Madrid. The confluence of strong partners with these grand buildings is without a doubt one of the finest opportunities for both Madrid and Four Seasons to attract international guests and provide them with an authentic experience."
The new Four Seasons will be housed in the series of heritage buildings comprising the Canalejas complex, adjacent to the Puerta del Sol and an easy walk to Madrid's major landmarks and city centre. The buildings include frontages on Alcala Street, Sevilla Street, Canalejas Square and Carrera de San Jeronimo .
Following careful repairs, sensitive restoration and modern renovations, Four Seasons Hotel Madrid will be a social and business centre, a gathering place for Madrilenos and international visitors alike. The multi-use complex will include the 215-room Four Seasons hotel, luxury residences also managed by Four Seasons, an exclusive shopping centre, and a 500-space parking garage. Following the planning process, construction is projected to begin at the end of 2013.
"The introduction of the world's most prestigious hotel brand reinforces Madrid's position as a venue for major international events," said Juan-Miguel Villar Mir , head of Grupo Villar Mir , which through its subsidiaries Inmobiliaria Espacio and Grupo OHL is investing EUR 500 million in the project. "Further, the development project will contribute significantly to the reactivation of the local labour market, generating 4,800 jobs, including 1,800 during the construction stage and 3,000 direct and indirect permanent jobs."
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