The portfolio ofFour Seasonshotels 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 Seasonscontinues 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 forFour 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 andFour 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 andFour Seasons to attract international guests and provide them with an authentic experience."
The newFour Seasonss 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 Alcalá Street, Sevilla Street, Canalejas Square and Carrera de San Jerónimo.
Following careful repairs, sensitive restoration and modern renovations,Four SeasonsHotel 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-roomFour SeasonsHotel Madrid, luxury residences also managed byFour 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.