Marbella News  ·  Wellness & Investment  ·  29 September 2026

Oakmond Marbella: Goldman Sachs Backs a €260M Longevity Resort on the Legendary Incosol Site

Oakmond Marbella will bring the historic Incosol back to life as a longevity resort where medicine, not the minibar, is the main product. There will be 140 rooms, 28 private residences, €145 million from Goldman Sachs and a 2029 opening. Marbella’s original health hotel is getting a very expensive check-up.

Oakmond Marbella is officially funded. Madrid-based investment firm Ilanga Capital has closed a €145 million senior loan with Real Estate at Goldman Sachs Alternatives to transform the long-abandoned Hotel Incosol into what it calls a precision-health ecosystem. The total budget is €260 million, with Ilanga providing the remaining equity from its own funds.

The announcement, made in mid-September, ends one of Marbella’s longest hospitality sagas. The Incosol has stood empty since 2012. Now it is set to become one of the most ambitious wellness projects in Europe, and one of the clearest signs yet that serious global capital is betting on Marbella’s luxury future.

Pelayo Cortina Koplowitz, Ilanga’s founder and CEO, described Goldman’s backing as extraordinary support for a vision the firm has been developing for three years. The stated ambition is not modest: to create a new category of hospitality and lead it globally.

🧬 What Oakmond Marbella Will Be

At first glance, Oakmond looks like a classic Marbella luxury resort: a 140-room hotel, 28 private residences, generous fitness areas and a carefully curated gastronomic offer, all on a plot of more than 53,000 m². The difference is in the hierarchy. Here, the hotel is the setting. The product is health.

Ilanga describes Oakmond as the first vertically integrated precision-health ecosystem of its kind. In practical terms, the medical platform is expected to include:

• Advanced diagnostics for early detection.
• Personalised preventive medicine built around each guest’s data.
• Clinical wellness programmes that combine medical supervision with recovery and fitness.
• Data-driven clinical intelligence for continuous health monitoring.
• Long-term follow-up that continues after the guest has checked out.

That last point is the real novelty. Most luxury spas end their relationship with you at the airport. Oakmond wants to be your health partner for years, which is exactly the kind of recurring, high-value relationship that investors like Goldman Sachs understand.

🏡 28 Residences: Longevity, Delivered to Your Door

Alongside the hotel, Oakmond will include 28 private residences. That is a very small number for a project of this size, and it is deliberate. With so few units, ownership here is less about square metres and more about access: living inside a medical and wellness ecosystem, with the resort’s diagnostics, programmes and services on your doorstep.

Prices, sizes and the ownership model have not yet been published. Given the scarcity, the location and the concept, expect them to sit at the very top of the East Marbella market when they are.

📐 The Project in Numbers

Item	Figure
Total investment	€260 million
Goldman Sachs financing	€145 million (senior loan)
Ilanga Capital equity	≈ €115 million
Plot size	53,000+ m²
Hotel rooms	140
Private residences	28
Construction period	≈ 36 months, from autumn 2026
Target opening	Q3 2029

💼 The Money Behind It

Ilanga Capital is the private investment firm founded by Pelayo Cortina Koplowitz, who has been working on the Incosol project since the firm acquired the site around 2023. The financing comes from Real Estate at Goldman Sachs Alternatives, the bank’s private real estate arm, which is providing a €145 million senior loan.

The deal was structured with JLL as debt advisor, HSFK as legal advisor and Deloitte as commercial advisor. According to the developer, the design, planning and licensing phase ran through 2025, clearing the way for construction to start this autumn.

Why does this matter? Because Goldman Sachs does not lend €145 million on a hunch. Institutional capital of this calibre choosing a Marbella wellness project is a vote of confidence in both the concept and the destination.

🏛️ The Incosol Story: The “Titanic” of Marbella Hotels

To understand why this news resonates so much locally, you need to know the Incosol. The hotel opened in April 1973 in the Río Real valley and was among the first hotels in Europe to offer personalised medical and aesthetic treatments. Long before “wellness” was a marketing term, the Incosol was selling health to the international jet set.

Its guest book reads like a who’s who of the 20th century. Local press has long recalled Hollywood names such as Stewart Granger, Deborah Kerr and Audrey Hepburn, as well as Prince Rainier of Monaco, Princess Diana and Salvador Dalí.

The ending was far less glamorous. The hotel entered receivership in 2008 with debts of more than €57 million owed to banks, suppliers and public bodies, and closed abruptly in April 2012, leaving around 130 employees without work. For more than a decade it stood abandoned, earning the nickname “the Titanic of Marbella hotels”. Oakmond is, in effect, the salvage operation.

📍 The Location: Río Real, Next Door to Four Seasons

The Incosol site sits in the green Río Real valley, a few kilometres east of Marbella town and roughly 800 metres from the Mediterranean, with Sierra Blanca as its backdrop. It is an established, low-density residential area surrounded by golf and villas.

Its most important new neighbour is the future Four Seasons Marbella, whose urbanisation project was approved by the town hall in February 2026. Put the two together, and Río Real is about to go from quiet golf enclave to one of the most talked-about luxury addresses on the Costa del Sol.

🌿 Why Longevity, and Why Now

Longevity has become one of the defining themes of high-end travel and real estate. Wealthy buyers are no longer just asking for a spa; they want diagnostics, measurable results and a plan to stay healthy for longer. The most advanced resorts are responding by putting doctors, data and prevention at the centre of the experience.

Marbella is a natural fit. It has the climate, the outdoor lifestyle, a strong private healthcare sector and a buyer profile that is increasingly international and increasingly young. The Incosol proved half a century ago that health and luxury could sell together here. Oakmond is betting that the formula works even better with 21st-century medicine.

🌟 East Marbella’s New Luxury Cluster

Oakmond is part of a wider shift. In the space of a few months, East Marbella has become the focus of the city’s most ambitious luxury projects:

• Oakmond Marbella: longevity resort on the Incosol site, opening Q3 2029.
• Four Seasons Marbella: next door in Río Real, with its urbanisation project approved in February 2026.
• Waldorf Astoria Marbella: Spain’s first Waldorf, in Las Chapas, declared of municipal interest in September 2026 and targeting 2029. Read our full story.

All of this sits on top of Marbella’s newly approved General Plan (PGOM), which gives the city a modern planning framework after almost four decades. The east side, once considered the quiet alternative to the Golden Mile, is quickly becoming the new frontier.

💎 What Oakmond Marbella Means for the Property Market

For Río Real and its surroundings, the combination of Oakmond and Four Seasons is a double upgrade. Three effects are worth watching:

1. The end of an eyesore. Replacing an abandoned hotel with a flagship resort removes a long-standing drag on the neighbourhood’s image.
2. A new kind of amenity. Few locations in Europe will be able to offer world-class preventive medicine within walking distance of home.
3. Scarcity at the top. With only 28 residences inside Oakmond, demand is likely to spill over into nearby villas and apartments.

As always, the benefits will build over time, and the opening is still three years away. But for buyers with a long horizon, the direction of travel in East Marbella is hard to ignore.

Want to explore the area? Take a look at our East Marbella guide or our selection of the best spas and wellness centres in Marbella.

🧾 Thinking of Buying Nearby? A Quick Checklist

⏭️ What Happens Next

With financing closed and the licensing phase behind it, Oakmond moves into construction. Works are scheduled to begin in autumn 2026 and last around 36 months, pointing to an opening in the third quarter of 2029. Key milestones to watch are the start of works on site, the reveal of the architects and design, the launch of the residences, and the announcement of medical partners.

After 14 years of silence, the Incosol is finally getting its second life. We’ll be following every step.

🗓️ Timeline: From Incosol to Oakmond

❓ Frequently Asked Questions

What is Oakmond Marbella?

A €260 million luxury longevity resort with a 140-room hotel, 28 private residences and a medical platform focused on preventive medicine, diagnostics and clinical wellness.

Where is Oakmond Marbella located?

On the site of the former Hotel Incosol in Río Real, East Marbella, next to the future Four Seasons Marbella.

When will Oakmond Marbella open?

Construction starts in autumn 2026 and should take around 36 months, with opening planned for the third quarter of 2029.

Who is behind the project?

Ilanga Capital, led by Pelayo Cortina Koplowitz, is the developer. Real Estate at Goldman Sachs Alternatives is providing €145 million in senior financing.

What was the Hotel Incosol?

A pioneering medical and wellness hotel that opened in 1973 and hosted international celebrities. It closed in 2012 after years of financial trouble and has stood empty since.

Can you buy a residence at Oakmond Marbella?

The project includes 28 private residences, but prices, sizes and the sales model have not yet been announced.

What makes it different from a spa hotel?

Medicine is the main product. Oakmond combines diagnostics, personalised prevention and continuous health monitoring, with follow-up that continues after guests leave.

Sources: Ilanga Capital, Goldman Sachs Alternatives, idealista/news, local press archives.