Keeping the business running smoothly across the real estate division and, most importantly, the revenue growth from the chain of tourist resorts, Marjal Group reported a 15.9% rise in its bills. The company closed the year with consolidated revenue of 35 million Euros, according to information disclosed by the group itself.
In this framework, the holdings owned by the Fur and Gomez families reached positive figures across all business lines. Somium specializes in the construction and marketing of luxury homes, while Alannia operates its camp facilities. The group also includes Suites, the operator of coliving spaces that offer mid-range accommodation. Suites opened its first establishment in Alicante at the end of 2022 and continued to expand its footprint through the year.
The Marjal Group finished the period with a strong performance, achieving 3.53 million Euros in operating income, a modest rise of 1.71% from 2021. This improvement was largely driven by the tourism segment, which posted record numbers. Net profit for the group reached 2.14 million Euros for the year.
The group’s leadership highlighted these results as a reflection of resilient operations amid a changing economic landscape. Javier Fur, the group’s chief executive, noted the dedication of the teams who develop the group’s projects and emphasized a forward-looking outlook despite pervasive uncertainties. He cited the challenges of rising energy costs and the volatility of building materials, compounded by the global impact of geopolitical tensions, as factors faced during the year.
By segment
Within the activity areas, the tourism segment of Marjal performed exceptionally well in 2022, recording turnover exceeding 27.5 million euros, a 54% increase from 2021. This growth was fueled by the full removal of pandemic restrictions on the sector and the successful launch of a new establishment in Salou, which broadened the group’s geographic presence.
The drop in tourism and international flights is affecting Marjal’s results
It is important to note that these figures reflect a partial consolidation, with only a 50% stake held in the group by external partners. The remaining percentage of Alannia’s shares is held by a Spanish family office and other investors. Alongside revenue gains, the EBITDA of this division rose by 21.35% year over year, finishing at 3.511 million euros.
The suites division, represented by the company’s real estate arm, showed a steady trend despite higher raw material costs across Europe. The turnover for this segment reached 21 million euros, with EBITDA rising to 2.5 million euros, reflecting a 46.88% increase from the previous year. Overall, the segment delivered a robust contribution to the group’s bottom line, with EBITDA reaching 3.75 million euros when measured at the group level.
The diverse portfolio, which blends hospitality, real estate development, and managed properties, continued to pursue strategic growth through product diversification and geographic expansion. The group’s approach emphasized leveraging tourism demand, capital planning, and prudent cost management to sustain momentum even amid market headwinds. Executives underscored the importance of maintaining strong relationships with partners and investors to support ongoing development projects and future expansions.
Looking ahead, the leadership expressed confidence in the capacity of the organization to adapt to evolving travel patterns and consumer preferences. The year highlighted operational resilience, disciplined investment, and a clear path toward sustainable profitability across its key business lines. As the market evolves, the group remains committed to delivering high-value experiences for guests while expanding its footprint in selected markets and strengthening its core real estate activities.