By Euro Weekly News Media • 01 September 2011 • 9:35
UK regulator says energy price cap could be reviewed every three
ALMUÑECAR businessmen confirmed that paperwork for the seven-star Bahia Fenicia hotel was a step nearer completion.
Maria Jose Sanchez, the regional government’s delegate in Granada conveyed a similar message to Almuñecar’s mayor, Trinidad Herrera. The Junta would not obstruct the proposed Bahia Fenicia complex if all legal requirements were met, Sanchez said earlier.
There had been earlier doubts centring on the Malaga and Granada boundary after last May’s municipal elections brought changes in the neighbouring province.
These, too, had been solved, said local entrepreneurs and the Banyan Tree Hotels & Resorts’ €230 million investment was set to go ahead. Construction of the complex on 13,300 square metres of land near the Marinas del Este yacht basin could start before the end of the year and is expected to take 36 months.
This will be the group’s their first Spanish venture and according to initial calculations it should create employment for 600 people. Hopefuls in the area are already inundating the promoters with job applications, said local sources.
Once completed, Spain’s name can then be added to the exclusive list of seven-star hotels like those already to be found in the Emirates (Dubai), Italy (Milan) and China (Beijing).
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