Palladium turns 50 with new leadership

Palladium Hotel Group celebrates its 50th anniversary this year and chose the Feria Internacional de Turismo (FITUR) to begin the commemorative events of this milestone, taking stock of the year and communicating the company's news, of which the most prominent is the announcement of new president and CEO.

After 50 years of experience in the tourism sector, Grupo Empresas Matutes is reforming its organisational structure to adapt to the new times, with the company committed to the separation of real estate management and hotel operation.

In doing so, with the firm intention of focusing and continuing to grow as a hotel operator and developing its own brands, Abel Matutes Prats will be the new president and Jesús Sobrino the new CEO of Palladium Hotel Group, manager and owner of the hotel brands. Sobrino has until now held the position of deputy director general, which will now go to Carmen Matutes Prats. For his part, Abel Matutes Juan, founder and president of the company since its inception, will maintain the presidency of the holding company Grupo Empresas Matutes to which Palladium Hotel Group belongs.


Grand Palladium Garden Beach Resort & Spa and Grand Palladium Sicilia Resort & Spa will open in 2020, as part of a 10-hectare resort in Sicily


During the presentation of the company's latest news, the president of Grupo Empresas Matutes, Abel Matutes Juan; the president of Palladium Hotel Group, Abel Matutes Prats; and the CEO of the hotel company, Jesús Sobrino, also presented a positive balance for 2019. It was the year in which Palladium Hotel Group managed a turnover that exceeded 752 million euros, representing a growth of 13 per cent compared to the previous year.

In 2020, Palladium Hotel Group will continue to consolidate its expansion strategy with important openings. The first will be Palladium Hotel Menorca, a four-star, all-inclusive hotel that will be one of the group's most ambitious projects in the Spanish market and in which the company will invest 26 million euros for its renovation.

Also in the Mediterranean, specifically in the north of the Italian island of Sicily, Palladium Hotel Group will open Grand Palladium Garden Beach Resort & Spa and Grand Palladium Sicilia Resort & Spa with Azora as a strategic partner. It is a 10-hectare resort consisting of two hotels with 469 rooms, in which more than 31 million euros will be allocated for the comprehensive renovation of the facilities.

With these new openings, planned for summer 2020, Palladium Hotel Group is one step further to positioning itself as a reference in luxury accommodation in the Mediterranean, in addition to reinforcing its commitment to the improvement of its products and services with the expansion of two of its most important brands: Grand Palladium Hotels & Resorts and Palladium Hotels.

Looking towards the end of the year, the group is planning the launch of the urban brand Only YOU Hotels – which so far is only present in Madrid – in Malaga and Valencia; as well as exporting its TRS Hotels brand, which will open in Ibiza in 2021 for the first time after its success in the Caribbean.