Miguel Fluxa Rossello

Miguel Fluxà Rosselló is a Spanish billionaire businessman, and the chairman and 100% owner of Grupo Iberostar, which owns 100 hotels and resorts in 16 countries. Fluxà Rosselló is the “third generation heir to a shoe-making business”.

• Fluxa Rossello is the executive chairman of Grupo Iberostar, one of Europe’s largest hotel companies.
• In 2017 Iberostar generated more than $2.9 billion in revenues; it has hotels in 30 countries and 27,100 employees.
• The roots of the Iberostar Group date to the 19th century when the Fluxa family started a footwear business in Majorca, Spain.
• In 1986 Miguel joined the family company, which was still small, and founded the first Iberostar hotels in Majorca and the Canary Islands.
• In 2006 he sold the group’s tour operator and travel agency divisions to the Carlyle Group for $950 million.