An international investor buys the emblematic Byblos with the aim of opening it in 2021

The new owner projects a top-category hotel, with approximately 200 rooms

New impulse for the recovery of the emblematic hotel Byblos. On the 30th an international investor bought Ayco Grupo Inmobiliario the building of the old Byblos hotel, closed since 2010 and the thalassotherapy center located on a plot of more than 50,000 square meters, with the aim of reopening this establishment in 2021, according to the information provided by Colliers International, the international consultancy that has advised the sale.

The new owner, which is not revealed more than it is an international investment fund, plans to recover the splendor and luxury of what was one of the flagship of the most exclusive offer of the Costa del Sol. In fact, project a hotel of maximum category, with approximately 200 rooms. “The objective is to reopen it maintaining the iconic character and uniqueness of the establishment, which will be foreseeable operated by an international brand and whose inauguration could take place in 2021”, need from Colliers International.

Specifically, Laura Hernando, Managing Director Hotels of this consultancy, notes that “this operation confirms that the appetite of international investors for this type of assets remains at its highest, especially because of the possibility of re-positioning offered by the asset in one of the tourist areas more consolidated of our country ».

The reopening of the Byblos in Mijas will be an important milestone for the economy of this population recovering a classic luxury destination on the Costa del Sol. And it is that the last operation with which it was hoped to give life to Byblos, carried out by Ayco Real Estate Group, has finally finished in a new sale of the property. It was in 2016 when this company in Madrid took the Byblos for an amount of 60 million euros. The objective at that time was to open in a matter of months the Byblos, a five-star establishment of great luxury that was chosen, among other personalities, by Princess Diana of Wales as accommodation in her first visit to the coast back in 1993, the family Real Saudí, Julio Iglesias, Antonio Banderas and even the Rolling Stones.

Now it seems closer to the opening of this landmark establishment on the Costa del Sol that closed its doors on May 31, 2010, after having been running for 24 years, since its opening in 1986, with 135 rooms and luxury suites. It was also the first hotel facility with a thalassotherapy center for sea water in the whole country, by the Luis Bobet Institute.