Four Seasons Hotels & Resorts will open a hotel in Seville, Spain, in 2028 in association with Madrid-based developer Blasson Property Investments.
According to CoStar, Blasson acquired the freehold on a 115-room independent hotel at Plaza Nueva 13 on Jan. 31, 2025, for about €70 million ($80.8 million) from Luxembourg-based Shaftesbury Asset Management Group.
The per-room key cost of that transaction is approximately €608,695, with Four Seasons stating it will reduce the room count — while presumably increasing average room size — to 55 keys, approximately a 52% reduction.
Shaftesbury acquired the building in June 2016.
Enrique Benjumea, founding partner of Blasson, said in a news release that in Seville, “opportunities of this scale are increasingly rare.”
Blasson has invested in the last half-decade to build up a small but notable Spanish footprint across several real-estate classes.
According to CoStar, its hotel portfolio includes the 465-room Grand Hyatt Barcelona, which it acquired for an undisclosed price in March 2023 in a joint venture with AXA Investment Managers; 135-room Mandarin Oriental Punta Negra in Mallorca in the Balearic Islands, which it acquired for approximately €88 million in November 2021 and converted it from the H10 hotel brand; and the 65-room Rosewood Dehesa Espadañal, which it acquired in September 2025 and is due to open in 2028 in a rural setting in the province of Extremadura, approximately 120 miles southwest of Madrid.
Four Seasons has two other hotels in Spain, a 200-room hotel in Madrid and a 110-room resort in Mallorca.