The 5-star hotel – which first opened in 1974 and offers spectacular views over Palma – is under new Chinese ownership.
The privately owned Chinese enterprise Jiangsu GPRO International Business has bought the hotel from Grupotel Hotels & Resorts and is reported to have invested some 50 million euros in the project – the largest investment in Spain by a Chinese company.
Now renamed the GPRO Valparaiso Palace & Spa, it’s reported to be the first property of a new Chinese hotel chain the new owners intend to develop in Spain.
The hotel has previously welcomed a number of high-profile Chinese guests, including politicians.
GPRO Valparaíso Palace & Spa
C/ Francisco Vidal Sureda 23
07015 Palma de Mallorca
Tel.: +34 971 40 03 00