Sheraton is getting into the apartment business in Spain. The hotel company has announced that their first ever apartment 'Residences' will be available to purchase at the Med Group's Bonmont golf and residential community on the Costa Daurada, south of Barcelona. There will be seven buildings, each with four two-bedroom Residences next to the 136-room, five-star Sheraton Bonmont Golf Resort & Spa. The Bonmont residential community is built around an 18-hole golf courses and facilities include a golf academy, gym and restaurant as well as three swimming pools and tennis courts.

All apartments will be fully furnished in the same style as the hotel and will be priced from 600,000 euros. The Residences can be divided into two units so owners can live in one half and rent the second out, or rent all of it either as two one-bedrooms or one two-bedroom. Rentals will be managed by the Sheraton hotel in Bonmont. The hotel and apartments are now being built and set to open at the beginning of 2009.