The iconic Byblos Hotel in Mijas Costa is set to reopen its doors to guests in 2022 after being brought by the Hyatt Hotels Corporation.
The property, which has been closed since 2010, will be managed by Marugal Hotel Management and will join The Unbound Collection, making it the first Hyatt-branded hotel in Southern Spain.
The company announced that a Hyatt affiliate has entered into a franchise agreement with a subsidiary of Intriva Capital European Principal Investment Fund - a European private equity fund - to see the iconic hotel redeveloped into a luxury 200-bedroom resort.
The hotel, once owned by business tycoon Lord Alan Sugar, will offer an abundance of luxury amenities, including a health club and spa, indoor and outdoor pools, a cinema, a night club, family facilities and conference spaces for private events and business meetings.
Popular with royalty
Since its original opening in 1986, the hotel has been popular with jet setters and royalty alike and guests have included Princess Diana, the Saudi Royal Family and The Rolling Stones.
The resort will join other Hyatt hotels in Spain, which include the Hyatt Centric Grand Vía and the Hyatt Regency Hesperia hotels in Madrid, and the Hyatt Regency Barcelona Tower.
"We look forward to working with the local community to bring a new luxury resort to the area. The hotel has a rich and exciting past and we intend to bring it to life once again," a spokesperson for the corporation said.