New earthquake in the community’s tourism sector: Marina d’Or changes hands again. Only four years after his previous transfer, the keys to the complex in Orpesa’s Castellón municipality will be handed over to its new owner. And indeed, for the first time in history, Valencia will own the Marina d’Or. ANDIts current owners are Alicante company Magic Costa Blanca, which launched a claim that convinced the US investment fund Farallon.
The Mediterráneo as operation, which belonged to Prensa Ibérica as INFORMATION, was learned, closed, and only officialization remained. Negotiations were conducted cautiously and for the time being this newspaper could not confirm the final price of the sale. In the process that took place in 2019 and 2020, when Farallon took over the bank loans of Marina d’Or Hotels, North American fund spent 125m euros. It then capitalized these loans with a capital increase of 99 million euros.
After several difficult years for the real estate sector, it was battered by the burden it later experienced due to the pandemic, Marina d’Or is economically healthyAppointed by Farallon to handle the day-to-day operations of Marina d’Or, according to what has been stated on several occasions by the Gestion de Activos Turísticos (GAT).
It is unknown, then, what the payment was that Magic Costa Blanca agreed with Farallon and GAT under different terms than when they took control.
For several months now the river had been flooded with water that seemed to be nearing the sale of the Marina d’Or. There were various interests that did not go further, but on this occasion the proposal was tangible.
Magic Costa Blanca appears on the Castellón scene after making a name for himself. One of the biggest chains in the tourism industry in an arena as competitive as Benidorm. Currently, it is one of the most important players in the tourism of the city.
It is a family business born in Benidorm, founded and managed by Francisco García. His son, Javier García, is in charge of the group’s day-to-day operations with the rank of vice president. Moreover, Javier García is currently vice president of the Valencia Community hotel and tourism association. Hosbec, where Marina d’Or will be included in the commercial entity.
The Garcia family has experience in many of the types of businesses that exist in Marina d’Or today, from hotels to water parks to other forms of entertainment. Thus, the small empire of the Magic Costa Blanca has so far consisted of six establishments in Benidorm, one in the centre, one in Finestrat, one in Alfas del Pi and one in Gandia. The latter was its first expansion beyond the borders of Alicante. Now they have decided to go a step further and expand their scope to Castellón.at low hours it becomes the history of regional tourism.
Some of these hotels are luxury villas in Benidorm, while another is a music-themed hotel. As for water parks, there are four: two in Benidorm, one in l’Alfàs del Pi and the last in Cala Finestrat. They also run the Magic Robin Hood Camp, where medieval shows with meals are held.