The Platinum Estates family office based in Hong Kong has annouced the opening of a luxury hotel resort in Marbella.
The new mega project will see the opening of W Marbella, part of the Marriott brand of hotels.
The new luxury hotel is set to be built on the 170,000 square meter plot of land bought for €50 million by Platinum Estates in 2015.
Harry Mohinani, the head of the investment firm said “Marbella is like the central bay of Spain. There hasn’t been a new five star hotel built in the last 15 years so the market is crying out for something new,” adding that “there is a gap and we would like to fill the gap.”
The luxury hotel is set to boast 200 rooms, a bar and a signature restaurant, Spa and its own beach club.
The W Marbella is set to open its doors in 2021.