Jamaica is preparing to welcome two new luxury hotels from Palladium Hotel Group, the hotel company of the Matutes Group of Companies, as part of an ambitious global expansion plan that calls for a total investment of 650 million euros over the next three years. During its presentation at FITUR 2025, the company stressed that 350 million euros will be earmarked for the construction of these two properties in Jamaica, while the rest will finance projects in other key destinations, such as Asia, the Mediterranean and the consolidation of The Unexpected Hotels brand.
Two new hotels to revolutionize luxury in Jamaica
The hotel group announced that the two new hotels in Jamaica, belonging to the Gran Palladium Select and Family Selection brands, will add close to 1,000 rooms to the island’s offer. These properties will be built in a privileged location in the Caribbean country and will be focused on offering personalized experiences for different types of guests. The Gran Palladium Select will be aimed at guests seeking exclusivity, with private areas, a pool concierge service and premium gastronomy. It will also offer theFamily Selection service, a catalog of VIP services designed for families, including specific facilities and activities adapted to all ages. The second hotel planned by Palladium on the island will be a TRS, known for its luxury and privacy.
A global investment for the group’s growth
Although Jamaica will receive a significant portion of the investment, Palladium Hotel Group emphasized that the 650 million euros will be distributed in projects that seek to strengthen the company’s global presence. These include expansion in Asian markets and the Mediterranean, in addition to the development of The Unexpected Hotels brand, whose first property will open this year in Ibiza. “This investment is a strategic bet not only for Jamaica, but also for the global growth of the group. We want to offer unique experiences in the world’s most attractive destinations,” said Abel Matutes, president of Palladium Hotel Group.
Commitment to sustainability and training
The company also reaffirmed its commitment to sustainability and social responsibility. In Jamaica, Palladium will continue to promote its Palladium Cares program, which includes free hotel training for more than 600 people per year through its six training centers on the island. In addition, they plan to increase the use of renewable energies in their global operations, which already account for 67% of total consumption. “We want to be a benchmark not only in luxury tourism, but also in the sustainable development of the communities where we operate,” Matutes added during his speech. Construction of the two hotels in Jamaica will begin in the first quarter of 2025 and they are expected to be ready for opening in 2026.
Future prospects
Palladium’s strategy is not only aimed at the short term. With construction scheduled to begin in 2025, the hotels are projected to be ready for opening by the end of 2026, marking a before and after in Jamaica’s tourism offerings. In addition, the company will continue to explore expansion opportunities in the region, reaffirming its commitment to quality, sustainability and local development.
Two hotels in Jamaica
The company has two hotels in Montego Bay: the Gran Palladium Jamaica Resort & Spa and the Gran Pallaidum Lady Hamilton Resort & Spa, which has a more exclusive area called The Signature Level.
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