More details are slowly being learned about the acquisition of the Marina d’Or holiday complex in Castellón. Finally, Fuertes Group, owner of El Pozo and Cefusa, will provide the capital, while the Benidorm-based Magic Costa Blanca hotel chain will take over the management., as reported by Hosteltur. As with the Terra Natura tourist resort, both companies have prior experience of cooperation.
This week surpassed that US investment fund Farallon reaches agreement to sell Marina d’Or is an operation in which the complex will fall into the hands of Magic Costa Blanca. It is now known that the Fuertes Group will contribute to the capital, without the sale amount being disclosed. However, it should be noted that Farallon took over the Orpesa complex years ago by purchasing and subsequently capitalizing 107 million euros in bank loans.
With this deal, management will be undertaken by Magic Costa Blanca, which plans to export its business model to diversify the hotel and real estate complex’s current offering. Thus, all kinds of shows and concerts will be organized to increase the touristic attraction of the Holiday City.
Grupo Fuertes and Magic Costa Blanca have previous experience of cooperation, because Join forces to promote Magic NaturaLocated in the Terra Natura complex in Benidorm.