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Platinum Estates is to
spend 300 milllon euros
on a 600-bed complex
near the Real de
Zaragoza dunes

MARSELLA. The HongKong-based
investment fund, Platinum Estates
has announced p!ans to build a fívestar
luxury hotel near the Real Zaragoza
dunes, one ofthe Costa del
Sofs coastal areas with the highest
ecológica! value.
The new hotel, due to open in
summer 2019, will have 600 rooms
and will involve an investment of
300 million euros. It is expected to
be open al! year round and create a
thousand stable.jobs.
The group’s GEO, Indianmagnate
HarryMohioani, aonounced the project
on Saturdayalongside the group’s
representative in Spain Juan Luis Segalerva
and the mayor ofMarbella
José Berna!. They explained that a
confídentiality agreementprevented
them from givingthe name ofthe
hotel chain that will be managing
the hotel, as the fü:m has reserved
the rightto make its own aonouncement
atan jilternational tourism

fair, most probablythe World Travel
Market in London this November.
Platinum Estates owns anumber
ofhotels around the world which
are run by groups such as Hilton,
Gran Plaza or Hyatt.
Thenew hotel will be locatednext
to the beach in the Real Zaragoza
dunes area, affecting around 151,000
square metres ofland of which 35
percentwill be built on. The group
acquired the land for SO million euros
lastyear and has reached an agreementwith
the town hall to develop
the project which wiÍ! include infrastructure
work in the area.
The buildings will be no more
than four storeys high and the rest
of thearea will include gardens, services
and roads.
The use of this are a for a hotel
coniplies with the town’s urban development
plan (PGOU) of1986,
currentlyin force in Mar bella.
Work is expected to start next
summer and completed within two
years, with the hotel openingin 2019
The project includes the conservation
ofthe dunes, col!aborating
with the Pro-D¡mas organisation
which won theAndalusianEnvironment
Prize in 2012 and p!ayed a key
role in Marbel!a’s dunes being declared
an ecological reserve.

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