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Following different articles which have been published over the weekend in the Spanish press, Immobel and Fort Partners wish to confirm they are in exclusive talks with the internationally renowned hotel & resort operator Four Seasons to develop a resort in Marbella, Spain. Fort Partners, a US based developer, who has amongst other projects developed the Four Seasons at The Surf Club in Miami Beach, The Four Seasons Palm Beach, and The Four Seasons Fort Lauderdale FL, has formed a joint-venture with Immobel with the intention to develop this resort together.

The development of the project fits within Immobel’s strategy to further extend its international activities across different asset classes.

However, as the transaction is still subject to different conditions precedent, Immobel will communicate more in detail once appropriate.