Spain-based Blasson Property Investments has picked Mandarin Oriental Hotel Group as the manager for the reconstruction and redesign of the former H10 Punta Negra Hotel in Mallorca, which it bought in 2021.
The new beach resort in Calvià is scheduled to open during the second half of 2024. Following the completion of the renovation, the hotel will be named Mandarin Oriental Punta Negra, Mallorca.
Mandarin Oriental Punta Negra, Mallorca will feature 131 guestrooms, including 44 suites and nine bungalows.
Blasson Property Investments bought the property for an investment of approximately €180 million, which included both the purchase of the asset and the necessary capex to reposition the property.