Marriott and Impar Capital bring first luxury branded residences to San Sebastian
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San Sebastian is entering the branded residences game. Impar Capital and Marriott International have unveiled Palacio Residencial Pakea, a project located opposite the Hotel María Cristina, at the historic building on Calle Camino, 1. It will be operated under The Luxury Collection flag and construction is scheduled to start in Q1 2027, as Hosteltur reports.
What stands out here is not just the prime location: this will be the first standalone The Luxury Collection Residences project worldwide. Until now, these residences were tied to a hotel under the same brand. By going independent, Marriott is betting on the exclusivity of the spot and on respecting Basque architecture. For the company, it’s a smart move in markets like San Sebastian, where high‑end residential demand outpaces luxury hotel supply.
San Sebastian is solidifying its profile as a premium destination. The real question is whether we’ll see more standalone projects of this kind in other Spanish cities with high demand and scarce luxury land. The segment is still hot, and this move by Marriott and Impar Capital suggests there’s plenty of room to grow.
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