Dubai Holding strengthens presence with Jumeirah Mallorca acquisition

Group 1 - Dubai Holding has acquired Jumeirah Mallorca, a hotel on Spain's north-west coast, expanding its hospitality portfolio to 34 hotels and resorts, including five Jumeirah-branded establishments in Europe [1][2] - Jumeirah Mallorca features 121 rooms with views of the Mediterranean Sea and the Serra de Tramuntana mountain range, and has received LEED Platinum certification for sustainability [2] - The acquisition aligns with Dubai Holding's strategy of investing in global assets to maintain a diversified portfolio, as the company operates in over 30 countries [2][3] Group 2 - The CEO of Dubai Holding, Amit Kaushal, stated that the acquisition is a strategic addition to their global hospitality portfolio, emphasizing the commitment to invest in high-quality assets [3] - Jumeirah continues to expand in key European destinations, with existing hotels in London and Capri, and plans for a new opening in Geneva, supported by the Mallorca acquisition [4] - In April 2025, Jumeirah announced plans for three developments in Dubai, including Jumeirah Asora Bay, which will feature 103 rooms and suites along with 20 villas, scheduled to open in 2029 [5]