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Byblos hotel set to reopen in 2021 after being bought by international investor

Byblos hotel set to reopen in 2021 after being bought by international investor

The hotel has been closed since 2010 and has exchanged hands several times

Pilar Martínez

Friday, 10 May 2019, 14:25

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The reopening of the iconic Hotel Byblos in Mijas Golf moved one step closer last week as the sale of the property to an as-yet unnamed international investment group was confirmed.

Azora completes purchase of Pez Espada and Riviera hotels

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  • The Azora group has completed the purchase of the emblematic Pez Espada and Riviera hotels, in Torremolinos and Benalmádena, respectively, as part of an operation involving seven establishments in Benidorm and the Costa del Sol.

  • Azora plans to invest 30 million euros to revamp these seven hotels, although full details are as-yet unknown

The hotel, visited by Princess Diana, has been closed since 2010 and has exchanged hands several times, including to Alan Sugar and again as recently as 2016 when Ayco Grupo purchased it but only got as far as applying for a works licence.

Now, however, the new owners plan to reopen the iconic hotel, alongside its thalassotherapy centre, by 2021, according to information supplied by Colliers International, the company which brokered the sale.

"The objective is to reopen it and to maintain its original character," a spokesperson said, "with approximately 200 rooms."

Colliers International have also revealed that the Byblos will likely be operated by an international chain and will be a high-end luxury hotel.

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