Madrid’s Galería Canalejas is adjusting its business strategy to reduce reliance on American tourists and attract more local customers. The luxury shopping center, located beneath the Four Seasons hotel, is entering a new phase following a restructuring of its ownership earlier this year.
OHLA, the construction firm led by the Amodio brothers, assumed full ownership and management of the retail complex six months ago. The division of assets separated the shopping gallery from the hotel operations. Mohari, the investment firm founded by PokerStars co-founder Mark Scheinberg, retained control of the hotel, which operates under the Four Seasons brand. The luxury retail space opened in 2020 as part of the combined development. #Madrid #LuxuryRetail #BusinessNews @OHLA @FourSeasons