Iconic Mallorca, Spain, hotel will become Four Seasons

The former Hotel Formentor in Mallorca, Spain, a magnet for royalty and other notables for nearly a century, will be reopened in 2023 as a Four Seasons property. Ernin Capitol bought the historic property on the bay of Pollanca from Grupo Barcelo in February for $118.4 million and plans a makeover. Read the Frequent Business Traveler story here

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