NH Collection is making its mark in the Balearic Islands with the upcoming launch of its first 5-star property in Ibiza. Set to open in April 2025, the new hotel is positioned near the island’s historic old town and marina, combining design, amenities, and services in order to offer guests an experience.
This marks a major milestone for the NH Collection brand as it expands its portfolio in one of the Mediterranean’s most popular destinations.
Revitalizing Ibiza with NH Collection
The Hotel Sir Joan, which will be rebranded under the NH Collection name, is at the center of this new venture. Originally opened in 2017, this hotel has been a favorite for both national and international visitors. The hotel, with its prime location overlooking the port of Ibiza and the old town, will undergo an extensive renovation to modernize its facilities while preserving its original style.
The renovation aims to enhance the hotel’s appeal and elevate its position in the luxury tourism market of Ibiza.With 38 rooms and suites offering views of the port and the old town, the property sets to become a key asset in the island’s tourism scene.
AX Partners’ strategic investment in Ibiza’s hospitality market
Real estate investment manager AX Partners has led this acquisition purchasing the hotel for 28 million euros. This investment is part of AX Partners’ broader plan to build a strong portfolio in the Mediterranean region. As part of their strategy, AX Partners is also planning to acquire another hotel on the Costa Brava in the coming months, which will undergo similar renovations to enhance its services and overall value.
The renovation and rebranding of Hotel Sir Joan will significantly contribute to NH Collection’s expansion in Ibiza. As the tourism sector in Ibiza continues to thrive, this new addition to the NH Collection brand will cater to the growing demand for upscale accommodations.
