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Arab investors interested in Hotel Don Miguel in Marbella

About 60 different Saudi Arabian investors have shown interest in buying Hotel Don Miguel in Marbella. Hotel Don Miguel in Marbella closed in October 2005, and approximately 250 employees lost their jobs. It was run then by the hotel chain Roc Hoteles, which has several hotels in Spain with a total of 7.000 hotel beds.
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However, the building is owned by the company Sociedad de Inversiones y Promociones Turistica Sips.
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It is especially a Saudi investment fund that currently and seriously studying the possibility of taking over the emblematic Hotel Don Miguel in Marbella who may finally be able to open again after being closed for over six years.

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Hotel Don Miguel in Marbella has 500 rooms and a garden at the foot of La Concha is situated on 70.000 m2, next to the shopping center La Canjada and Marbella bus station.

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This entry was posted on Monday, January 16th, 2012 at 7:51 am and is filed under Costa del Sol, Finance and economy, Finance market, Marbella, Marbella Townhouses, Marbella apartments, Marbella luxury villas, Marbella property, Marbella tourism and tourists, Marbella villas, Property marbella, Spain economy and news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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21 Responses to “Arab investors interested in Hotel Don Miguel in Marbella”

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