Share |
English (United Kingdom)Español(Spanish Formal International)
Quick Search

Property Type

Town/village

Price Range

From

To

Beds

Baths

Holiday Rental only

Property Ref

Currency Converter
Amount:
From:
To:

Could La Manga Club be sold again?
Friday, 07 October 2011 08:53

lamangaclub9Could La Manga Club be sold again?

The British real estate fund has asked for a price for La Manga Club, the famous luxury golf resort was previously run by P&O before being taken over by the Med Group.


 

La Manga Club is one of the main tourist and sports complexes in the region and has been running under bankruptcy protection for the past 2 years.  London and Regional Properties (L&R), a British real estate fund, is allegedly in talks with the current owners of the Club, the Med Group.

L&R is one of the largest private property companies in Europe with substantial investments, developments and business interests in over 7 countries, including the UK, Eire, Germany, Turks and Caicos, Ukraine, and Panama.  L&R already owns 62 hotels, including the Hilton Park Lane, The Hilton Trafalgar Square and The Hilton Green Park.

The director of La Manga Club, Antonio Ros has acknowledged that there have been discussions with L&R regarding the purchase of the Club.  L&G Properties is owned by Ian and Richard Livingstone who are reportedly interested in expanding their holdings in the Spanish Market.  La Manga Club applied for bankruptcy protection in 2009 after it was unable to finance its €97 million euro debt.

 
 

Murcia Villas SL for themselves and for the owner of the property whose agents they are give notice that:- (1) These particulars do not constitute any part of an offer or a contract. (2) All statements contained in these particulars are made without responsibility on the part of Murcia Villas SL. (3) None of the statements contained in these particulars are to be relied upon as a statement or representation of fact. (4) Any intending purchaser must satisfy himself/herself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) The owner does not make or give and neither do Murcia Villas SL nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property. (6) Where every attempt has been made to ensure the accuracy of the details contained here, measurements of doors, windows, rooms and any other items are approximate and no responsibility is taken for any error, omission, or mis-statement. These details are for illustrative purposes only and should be used as such by any prospective purchaser. The services, systems and appliances shown have not been tested and no guarantee as to their operability or efficiency can be given. (7) Prices are quoted in euros, working with a conversion rate of 1.10euros to the pound, discrepancies may occur in prices for holiday accommodation due to currency fluctuations.