The co-president of the Barceló Group, Simón Pedro Barceló, has confirmed that the Formentor Hotel will be sold in early December. "The purchase option made by a foreign investment fund has to be effected by 3 December. The offer has been made and despite what has happened this year with the Covid-19 crisis, the price that was agreed will not be renegotiated." In 2006, Barceló acquired the hotel for 70 million euros from the Buades family and the Costa i Llobera Foundation.
Hotels
Barceló confirm that Formentor Hotel is to be sold
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