The five-star hotel will be located on the beach, close to San Antonio alongside Cala Gracio and Cala Gracioneta.

The property will have a contemporary Mediterranean design and will offer TRS’s "infinite indulgence" package, which is an all-inclusive service with premium brands and a butler service among other elements. 

There are a range of rooms available, such as swim-ups, which have access to their own swimming pool from the terrace area, junior suite terraces, with a Jacuzzi on the terrace area and the "Rooftop Cala Gracie", which also has a jacuzzi on its rooftop terrace.

The hotel will feature three a la carte restaurants, five bars, a spa and three pools.

A spokesperson for the Palladium Hotel Group said with the addition of the TRS Ibiza Hotel to its The Royal Suites (TRS) collection, the firm is looking to "consolidate its position as a leader in providing luxury hospitality".

"The TRS Ibiza Hotel is a welcome addition to the collection, opening its doors and becoming a hub of life in one of Ibiza’s most iconic locations," they added.