From l-r: Abel Matutes Juan (centre) with his son Abel Matutes Prats (left) and newly appointed CEO Jesús Sobrino (right)

A new president, CEO and hotel openings for Palladium in 2020

MADRID —Palladium Hotel Group has a new President and CEO at the reins to kick off its 50th anniversary year.

Announced at International Tourism Fair (FITUR), Abel Matutes Prats has been appointed President while Jesús Sobrino takes over as the new CEO of Palladium Hotel Group.

Carmen Matutes Prats now holds Sobrino’s previous position of Deputy General Manager. 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.


The news comes on the heels of a successful 2019, which saw 13% growth over the previous year and a turnover that exceeded $829.9 million. Several new openings and brands were introduced last year, including Bless Collection Hotels, which launched with the opening of Bless Hotel Madrid and Bless Hotel Ibiza.

The Palladium Hotels brand also celebrated its entry in Malaga, Spain with the debut of Palladium Hotel Costa del Sol, while in Mexico’s Costa Mujeres, the hotel group opened the new Grand Palladium Costa Mujeres Resort & Spa and TRS Coral Hotel.

This year, the Group will welcome the four-star, all-inclusive Palladium Hotel Menorca in Spain’s Balearic islands, considered one of its most ambitious projects with a renovation cost of $28.6 million.

Also in the Mediterranean, in Sicily, Italy, Palladium Hotel Group will open Grand Palladium Garden Beach Resort & Spa and Grand Palladium Sicilia Resort & Spa. The two-hotel complex spans nearly 25 acres and boasts 469 rooms.

Towards the end of 2020, the Group is scheduled to open the urban brand Only YOU Hotels, so far only present in Madrid, Malaga and Valencia. It will also expand its TRS Hotels brand with a new property in Ibiza in 2021.

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