Strong Group and The magical Costa Blanca they confirmed Purchase of the Marina d’Or tourist complex from Orpesa To the American investment fund Farallon Capital Management, as INFORMACIÓN announced.
Both companies will come together to: “Restart this project under a new tourism concept” and we place it “among the best holiday destinations in Europe”.
Operation carried out currently under review by the National Markets and Competition Commission (CNMC), It is subject to permission from the institution in question. Grupo Fuertes and Magic Costa Blanca Garrigues and Rosillo Rein served as legal and real estate counsel, respectively.
Early closure of the season
Thus, this purchase information published since last August is confirmed. Actually, On September 17, the tourist complex unexpectedly closed all its hotels and spa. In a preview of the end of the so-called ‘Holiday City’ season, the cancellation of bookings was notified to all customers by phone or email.
In principle, the Marina d’Or operation was extended until next December, but the company decided to close the season unexpectedly, without stating the reasons or linking this early cancellation to the purchase. It has now been confirmed that this will be the first decision taken at the Orpesa complex as a result of the acquisition process from the American fund Farallon Capital Management.. Jesús Ger, the founder of Marina d’Or, had previously sold it to this company.
For family tourism
‘Holiday City’ for family tourismIt has a five-star spa hotel, two four-star hotels (Marina D’Or Playa and Gran Duque), as well as a saltwater spa and numerous entertainment areas and tourist apartments.
built on a It has an area of approximately 1.4 million square meters, More than half a million of these are devoted to green areas and garden areas, and have various sports and recreation facilities due to the touristic nature of urbanization.
All The complex was updated after the pandemic, When the American fund provided a series of investments to improve facilities.
Grupo Fuertes is a holding company with 100% Spanish capital. It brings together more than 20 different companies whose activities focus mainly on the agri-food sector. Among them is the industry leader ElPozo Alimentación. The business group has more than 8,700 employees and its business volume exceeds 2.3 billion euros in 2022.
For your part, Magic Costa Blanca is a hotel group with nearly 50 years of experience in the tourism industry. Emphasizing that they have received numerous awards such as Traveler’s Choice awards from Tripadvisor and Traveler, the group says, “Their commitment to quality and innovation has enabled them to consolidate themselves as a leading company in the tourist accommodation sector in the Valencian Community.” Booking Review Rewards. The business group has approximately 2,000 employees and manages 11,695 beds.