Marbella Hotel Finds New Owner

A Malaga Judge has given green light and authorized the sale of the Hotel Los Monteros in Marbella, which has been closed since 2009. The hotel which is held by the SL companies, Dajoal, Las Dunas Land and Aljoda will be sold to New Monteros S.L. and Monterotel S.L., both companies have promised to maintain the full team of employees.

The management of Hotel Guadalmina also located in Marbella are behind the acquisition of the Los Monteros Hotel, according to reports from Europa Press. The operation has been financed with foreign capital from the hotel industry.

The Los Monteros Hotel has over 32,000 square meters and obtained revenues of 20 million euros in 2008. The hotel was purchased by Russian businessman Ernest Malyshev on December 4th 2008 and closed shortly after, filing for bankruptcy. Sources close to the owner claimed the staff had “behaved aggresively” towards hotel guests and russian staff as well as “destroyed furniture and equipment” at the hotel.

Los Monteros Hotel has enjoyed a long history with famous guests including Audrey Hepburn, Richard Burton, Debora Kerr and even Michael Jackson