By Euro Weekly News Media • 16 May 2013 • 7:00
A NEW four-star hotel is central to a €14 million plan to restore the once famous Baños del Carmen coastal area in Malaga to its former glory.
Following decades of failed proposals to improve the appearance of the area and rid it of vagrants, the current owners, companies Vera and Acha, have suggested that they be allowed to open and manage a 120-room five storey hotel in exchange for totally restoring the area.
The Baños del Carmen were originally a seaside resort for the upper class built in 1918.
Initial reports suggest both the city hall and coastal department approve of the outlined investment plan which could get the thumbs up by September, although there are fears that Malaga’s insistence to take the Metro underground could delay works due to lack of funding.
Meanwhile, The Ronda and Nerja Paradors have been revealed as the most profitable of the five properties run by the state run hotel group throughout Malaga Province, according to the Official Cabinet Bulletin.
The Ronda property is the second most profitable Parador throughout Spain, with profits last year of €1.6 million, beaten only by Granada. Nerja Parador also made more than €1 million, while the Gibralfaro Parador in Malaga city, made €300,000.
However, the one in Antequera lost almost €500,000 last year, in its sixth unprofitable year, and Malaga Golf lost more than €565,000 with no profits since 2007.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our
Share your story with us by emailing email@example.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
Download our media pack in either English or Spanish.