Hotel fans, start your engines.

Plans are on track to open the world’s first Ferrari Hotel in a new Ferrari Land theme park in 2016 in Spain, a company spokesman confirmed to CNBC on Wednesday.

The 250-room hotel project promises 5-star service along with restaurants, shops and large simulation areas for car racing, according to PortAventura Entertainment, which has signed the licensing agreement with Ferrari S.p.A.

Ferrari-Land

Ferrari-Land

The Ferrari venture will be part of the PortAventura complex located near Barcelona. The complex currently draws about 4 million visitors annually, with nearly half of those from outside Spain, the company said.

PortAventura plans a €100 million investment to create the Ferrari Land theme park, which will be dedicated to the global brand of Ferrari and include the highest and fastest vertical accelerator ride in EuropeHotelChatter.com notes that while this will be the world’s first Ferrari Hotel, it will only be the second Ferrari Land. The Abu Dhabi Ferrari World is already up and running.

“Ferrari Land will appeal to entire families as well as Formula One supporters,” Andrea Perrone, managing director of Ferrari Brand, said in a statement announcing the project. “We will continue to further look at the launch of additional Ferrari theme parks outside of Europe with no rush, while continuing to maximize the value of our prestigious brand without diluting it.”

 

CNBC.com

 

*** This story has been brought to our attention by DriveWithDave contributor, Dr. Jagen Venk 

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About the Author: Dave Miller

Dave Miller With Lotus GT
Dave Miller drives the fastest, coolest, sexiest cars on the planet. He travels the world uncovering the hidden gems in luxury transportation, meeting the owners, and connecting with extraordinary car enthusiasts. Dave is a member of the Midwest Automotive Media Association and writes for various publications. In addition to DriveWithDave.com, you can follow Dave's adventures via Drive With Dave Facebook, Instagram and Twitter and tune into the Drive with Dave Podcast via iTunes, Stitcher or Soundcloud.

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