The American Hyatt luxury hotel chain plans to land in Marbella on Spain's Costa del Sol very soon.
And it will do so in a newly built 250-bedroom hotel that will be built on site north of Puerto Banús, in the Nueva Andalucía area, at kilometre 175 of the A-7.
The multinational, one of the leading brands in the high-end segment and which manages some 300 establishments around the world, has signed a management agreement with the groups that own the land allowing work to start on the construction of the complex, according to sources consulted by SUR.
The initiative is one of the three included by the Junta de Andalucía in its Project Accelerator plan, which will involve an investment in Marbella in the coming years of 411 million euros.
Creation of 745 jobs
The project that brings the Hyatt chain to the Costa del Sol, will involve an investment of 134 million euros and the creation of 745 jobs, according to the documentation that the developers provided to the regional government.
In total, the project will occupy an area of 90,400 square metres, a large portion of it is undeveloped land, in one of the most sought-after sectors of the municipality due to its strategic location, near the motorway and a short distance from Puerto Banús.
It is expected that just over half of the site (55,000 square metres) will be built on, of which slightly less than half will go to hotel use, and about 24,000 metres to commercial use.
The remaining 9,000 square metres will be used to build an exhibition centre. That part of the land must be transferred by the developers and owners of the land to the Marbella town hall, which in turn will put the construction out to tender. The lack of a large exhibition centre is one of the main shortfalls in the Marbella tourist offerings.
In the plans provided, the promoters said that the designs would be "avant-garde" and would pursue "the creation of an urban landmark", so that both the hotel and the exhibition centre will be unique buildings.
The proposed modification of the town development masterplan (PGOU) currently in force for the execution of this project already has the approval of the town hall and the relevant departments of the Junta de Andalucía.