In a matter of months, the fate of Palma’s Palau de Congressos is expected to be known with the announcement of the winning management bidder.
Palau de Congressos
At the moment, two hotel chains are in the running to take on the responsibility of managing the 140 M euro convention centre: Barceló, founded in Palma in 1931, and Meliá, founded in 1956 also in Palma, and now the largest hotel group in Spain.
The minimum cost of renting the complex will be 1,585,000 euros a year, and the successful team will have the right to continue for 15 years.
The result of the tender bid should be made public before the end of 2016.
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