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Sale of hotel & golf courses

Sale of hotel & golf courses

Old Nov 21st 2017, 6:01 pm
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Default Sale of hotel & golf courses

Have heard from a friend today that, and I quote, 'seems like the Hotel & both Golf Courses have been sold'. Can anyone else confirm this? Regards Bryony
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Old Nov 23rd 2017, 7:31 am
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Default Re: Sale of hotel & golf courses

Is it true ?
No comments ?
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Old Nov 23rd 2017, 9:09 am
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Default Re: Sale of hotel & golf courses

Originally Posted by Paco View Post
Is it true ?
No comments ?
Martin Fadesa en liquidacion, after a public tender process, published that an Spanish entrepeneur had payed the deposit for all the real state mentioned.

Now I think there is four month period to sign the final contract and take all the business
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Old Nov 23rd 2017, 1:23 pm
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Default Re: Sale of hotel & golf courses

Originally Posted by enri View Post
Martin Fadesa en liquidacion, after a public tender process, published that an Spanish entrepeneur had payed the deposit for all the real state mentioned.

Now I think there is four month period to sign the final contract and take all the business
Fingers X'd then 😊
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Old Nov 23rd 2017, 7:44 pm
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Default Re: Sale of hotel & golf courses

Originally Posted by MikeCol View Post
Fingers X'd then 😊
The saga should have ended on Tuesday but no news yet.
The sequence was a final advert at a fixed price of €200,000 + debts about €2m about 4 mths ago. This was “won” by Hydrocarbon (Malaga) and was published by the liquidator together with the total IBI, EUC debts. However this being Spain that was not the end of it! Three more adverts at the same price followed. The last one closed and it is known that there is a winner who has paid €4m (€1.07m IBI, €0.72m EUC, the rest for the hotel, golf clubhouse and both golf courses) conditional on signing at the notary last Tuesday to avoid an increase in IBI&EUC costs.
The bidders still in were a Chinese investor and a golf course operator from Malaga/Marbella. We have no news yet which one has won or if the signing happened so we are not holding our breath.
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Old Nov 24th 2017, 8:19 am
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Default Re: Sale of hotel & golf courses

Originally Posted by EsuriJohn View Post
The saga should have ended on Tuesday but no news yet.
The sequence was a final advert at a fixed price of €200,000 + debts about €2m about 4 mths ago. This was “won” by Hydrocarbon (Malaga) and was published by the liquidator together with the total IBI, EUC debts. However this being Spain that was not the end of it! Three more adverts at the same price followed. The last one closed and it is known that there is a winner who has paid €4m (€1.07m IBI, €0.72m EUC, the rest for the hotel, golf clubhouse and both golf courses) conditional on signing at the notary last Tuesday to avoid an increase in IBI&EUC costs.
The bidders still in were a Chinese investor and a golf course operator from Malaga/Marbella. We have no news yet which one has won or if the signing happened so we are not holding our breath.
Thanks John 👍
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Old Nov 25th 2017, 11:39 am
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Default Re: Sale of hotel & golf courses

Originally Posted by EsuriJohn View Post
The saga should have ended on Tuesday but no news yet.
The sequence was a final advert at a fixed price of €200,000 + debts about €2m about 4 mths ago. This was “won” by Hydrocarbon (Malaga) and was published by the liquidator together with the total IBI, EUC debts. However this being Spain that was not the end of it! Three more adverts at the same price followed. The last one closed and it is known that there is a winner who has paid €4m (€1.07m IBI, €0.72m EUC, the rest for the hotel, golf clubhouse and both golf courses) conditional on signing at the notary last Tuesday to avoid an increase in IBI&EUC costs.
The bidders still in were a Chinese investor and a golf course operator from Malaga/Marbella. We have no news yet which one has won or if the signing happened so we are not holding our breath.
Thanks for the update John, it’s good to get a bit of substance around the rumours. If you hear anything definite perhaps you would be kind enough to post it here. Best regards to you and Kath.
Andy
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Old Nov 25th 2017, 4:32 pm
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Default Re: Sale of hotel & golf courses

What happens with the Commercial Center, is auctioned separately ?
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Old Nov 27th 2017, 10:46 am
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Default Re: Sale of hotel & golf courses

They are buying the share capital of the 3 companies that Fadesa moved the assets into

The companies that are being bought are Baranda Azul , Lamps sa and TR2 sa
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Old Nov 28th 2017, 11:37 am
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Default Re: Sale of hotel & golf courses

Blimey, Ayamonte local council must be celebrating receiving an injection of of 1,070,000 euros IBI tax, - especially as they did zilch to receive it. Perhaps they will fix the lighting from the Mway to the bridge . Ha,ha.
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Old Dec 8th 2017, 8:58 am
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Default Re: Sale of hotel & golf courses

Originally Posted by keithBT View Post
Blimey, Ayamonte local council must be celebrating receiving an injection of of 1,070,000 euros IBI tax, - especially as they did zilch to receive it. Perhaps they will fix the lighting from the Mway to the bridge . Ha,ha.
Has anyone got an update on the rumour or is it just another one that has died?
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Old Dec 8th 2017, 9:10 am
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Default Re: Sale of hotel & golf courses

Originally Posted by AndyS View Post
Has anyone got an update on the rumour or is it just another one that has died?
No news at the moment
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Old Dec 8th 2017, 3:31 pm
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Default Re: Sale of hotel & golf courses

I wish the new owner Merry Christmas and Happy New Year !
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Old Dec 9th 2017, 7:35 am
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Default Re: Sale of hotel & golf courses

Originally Posted by Paco View Post
I wish the new owner Merry Christmas and Happy New Year !
and a prosperous New Year
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Old Dec 9th 2017, 8:44 am
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Default Re: Sale of hotel & golf courses

I hope it !
No more rumours !
No more disilluision !

This is the best Christmas Present for Costa Esuri !
I wrote it on the wish list for Santa Claus !

Lets move on to the action !
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