This is one of the most prestigious and experienced literary awards. In 2011 it celebrated its 50th anniversary, when the award was given to the Mexican writer Carlos Fuentes (1928-2012). Among the award-winning writers during all these years appear literates like Jorge Luis Borges, Jorge Semprún or Samuel Beckett. At present, Hotel Formentor, the scenery of these awards, is part of Grupo Barceló.