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Mijas Town Hall to auction off the Hotel Byblos Andaluz
By h.b. - Jun 26, 2008 - 6:25 AM
ALSO SEE : • No interest in the Hotel Byblos auction in Mijas - Jul 30, 2008 - 7:26 AM

Image - hotel website
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The Ayuntamiento says it has no option in order to recover a municipal debt to it from the owners of the hotel, Aifos.
Mijas Ayuntamiento is to auction off the five start Hotel Guadalpin Byblos Andaluz to pay for the local hacienda debts that the Aifos real estate company has established. These debts have now amounted to 1,201,356 €, plus interests, and come from unpaid IBI and IAE taxes, as well as plusvalías and rubbish collection charges.

The town hall says the auction has been arranged for July 29th at 11am in the council chamber, after all the other possibilities have been exhausted.

The luxury hotel, visited by many famous people over the years, including Princess Diana, has an estimated value of 39.6 million € according to the ‘Que’ newspaper. Europa Press reports that Aifos has responded to the news by saying it is a form of pressure for them to pay the debt, and they say that finally the auction will not take place.

The Town Hall contends that they have offered the debt be paid by instalments of 65,000 € a month, but this has not been followed either.

Aifos aquired the Hotel Byblos Andaluz in June 2006, with the idea of investing 40 million € in its purchase and modernisation.


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ALSO SEE :
• No interest in the Hotel Byblos auction in Mijas - Jul 30, 2008 - 7:26 AM