Platinum Estates is to spend 300 milllon euros on a 600-bed complex near the Real de Zaragoza dunes

MARSELLA. The HongKong-based investment fund, Platinum Estates has announced p!ans to build a fívestar luxury hotel near the Real Zaragoza dunes, one ofthe Costa del Sofs coastal areas with the highest ecológica! value.
The new hotel, due to open in summer 2019, will have 600 rooms and will involve an investment of 300 million euros. It is expected to be open al! year round and create a thousand
The group’s GEO, Indianmagnate HarryMohioani, aonounced the project on Saturdayalongside the group’s representative in Spain Juan Luis Segalerva and the mayor ofMarbella José Berna!. They explained that a confídentiality agreementprevented them from givingthe name ofthe hotel chain that will be managing the hotel, as the fü:m has reserved the rightto make its own aonouncement atan jilternational tourism fair, most probablythe World Travel Market in London this November.

Platinum Estates owns anumber ofhotels around the world which are run by groups such as Hilton, Gran Plaza or Hyatt.
The new hotel will be locatednext to the beach in the Real Zaragoza dunes area, affecting around 151,000 square metres ofland of which 35 percentwill be built on. The group acquired the land for SO million euros lastyear and has reached an agreementwith the town hall to develop the project which wiÍ! include infrastructure work in the area.

The buildings will be no more than four storeys high and the rest of thearea will include gardens, services and roads.
The use of this are a for a hotel coniplies with the town’s urban development plan (PGOU) of1986, currentlyin force in Mar bella.
Work is expected to start next summer and completed within two years, with the hotel openingin 2019 The project includes the conservation ofthe dunes, col!aborating with the Pro-D¡mas organisation which won theAndalusianEnvironment Prize in 2012 and p!ayed a key role in Marbel!a’s dunes being declared an ecological reserve.