7-star Gets 4.7M Grant

ALM 7 Star Hotel BahiaThe Central Government, through its Commission for Economic Affairs, has awarded the company behind Almuñécar’s 7-star hotel over 4m euros of public funds.

The said company, Bahía Fenicia Residencial, S.L., will spend 21.5m euros on the hotel, which is calculated to create 90 jobs.

The funds come from ‘regional incentives’ within Ley 50/ 1985, in order to ‘correct inter-territorial imbalances.’ In other words, it allows the Central Government to back projects within Spain directly, without going through regional governments.

The Hotel Bahía Fenicia project put in a request via this ‘door’ and it was accepted and granted the far from inconsiderable economic booster of 4.7m euros.

All has been pretty quiet on the Almuñécar 7-star-hotel project and it escaped nobody’s notice that despite Town-Hall announcement that work would commence in March, nothing has stirred on the hillside. This news will reignite faith in that the hotel is not just a myth.

(News: Almunecar, Costa Tropical, Granada, Andalucia)

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