What the Hotel Perú Sale Reveals About Palma’s Old Town

It suggests that historic properties in Palma’s old town can still attract high prices, especially when they offer redevelopment potential. At the same time, it shows how quickly a building’s future can shift from hospitality to private residential use once a licence is gone. For the neighbourhood, that raises the usual question: whether the old town is being kept as a living place or turned further toward luxury investment.