Occupying the majestic waters in the Bay of Palma de Mallorca, the 36 Copa del Rey MAPFRE will come to an end this Saturday, August 5th. Organized by the Real Club Náutico de Palma (RCNP), the regatta started in 1982 and features race teams from 24 different nations, including one sponsored by Mallorca Sotheby’s International Realty.
This year’s event is the largest in the history of the Copa del Rey; along with the 24 different nations represented, 140 teams will compete.
The expansion of the Copa del Rey MAPFRE has also had economic effects; it is expected that the 36th edition will have the highest economic effect on the island in the event’s history. According to the Chamber of commerce it will be bringing in anywhere from €15 to €20 million in restaurants, hotels and boat maintenance.
Aside from the sporting program, the Copa del Rey brings the Balearic Islands to 120 different countries. More than simply a regatta, the event’s land-based social agenda invites guests, competitors, and even royalty, to gather for food-tastings, live music and a gala dinner.
The royal mention was no exaggeration; Felipe VI, the present King of Spain arrived at the event to greet guests and also check in on his sailing crew of Aifos, the vessel he previously competed in during previous regattas.
Mallorca, is celebrated for its endless sun, cool breezes and mild winters that attract holiday homeowners who look for reasons to escape here throughout the year. With an international airport and ferry service from Barcelona and Valencia, commuting is painless and the market of luxury real homes for sale is extraordinary.