According to the newspaper Expasión, the high-end real estate agency Engel & Völkers has purchased the five-star hotel Seven Pines Resort Ibiza for 130 million euros. The luxurious resort is situated between Platges de Comte and Cala Codolar, with stunning views of the Mediterranean and Es Vedrà.
The 56,000-square-meter 185-suite complex is designed in the manner of a village, with whitewashed houses of Ibizan inspiration, three restaurants and three bars, a spa and wellness centre, a children’s club, and three swimming pools. A typical night’s stay costs around 300€.
According to Diario de Ibiza, German luxury hotel chain Seven Pines inaugurated its first year-round hotel in Ibiza in 2017 following an estimated €74 million investment.
The German business 12.18 Investment Management, located in Düsseldorf and specialising in real estate investments and hotel and tourism management, controlled the Seven Pines Resort Ibiza hotel complex, according to the then-CEO Markus Lueck.
In its early days, the hotel employed between 150 and 280 direct staff and 20 to 50 indirect employees.