Dubai hotelier Jumeirah is set to open its first property in Spain, at a cost of more than US $1.3 million per suite.
The five-star, 120-room Jumeirah Port Soller Hotel and Spa in the Spanish isle of Mallorca will open on March 13.
Local estate agents Mallorca Sotheby’s International Realty said that the property will be "the most luxurious hotel in the country".
“Despite the mammoth number of visitors passing through the airport - almost 23 million in 2011, quality still prevails over quantity and Jumeirah will be joining an already impressive line-up of five star hotels and services,” the agent’s managing director Stephen Dight said.
Construction work on the hotel began in 1996, but was halted in 2002 due to planning and financial setbacks. The building was bought by German company Deka Immobilien GmbH and leased to the Jumeirah Group under a long term contract.
Deka Immobilien is reported to have spent around €120 million to €150 million on the project, which works out an average of around €1 million ($1.3m) per room.
Last year, management said rooms at the hotel would cost from €200-300 ($268-402) in low season, and €600-800 ($805-1,074) in high season.
Spread across 11 white cube-shaped buildings, the hotel will include a Talise Spa and five restaurants and bars including the speciality Cap Roig seafood restaurant.
Jumeirah, a unit of Dubai Holding, is looking at doubling its properties under management globally this year and tapping into growing tourism demand, its executive chairman said.
"We will open in Kuwait, Mallorca, and Azerbaijan. We will almost double the number of hotels under management for Jumeirah in a 14-month period," Gerald Lawless told the Middle East Investment Summit in Dubai in October.
"We have a few other potential projects "bubbling"... Some of them are in Europe," he said, adding the Jumeirah Group would count 20 hotels by the end of the first quarter 2012.