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Published on : Monday, November 21, 2016
The iconic hotel which attracted the world’s elite from day one of its 1986 opening has been closed since 2010 as its owner, UK business tycoon Lord Alan Sugar, has been embroiled in a lengthy legal wrangle with troubled developer Aifos.
Good news is, the tussle has been settled and the blue and white building has been bought by Madrid-based Ayco Inmobiliaria this September vowing to reopen it ‘within the next few months’, creating some 300 new jobs.
The 135-room hotel has hosted world renowned celebrities from Princess Diana to the Saudi royal family.
Princess Diana stayed no less than three times here in the hills above Fuengirola, where she was famously photographed topless by paparazzi.
The hotel was also a firm favourite with Spanish household names, including Malagueño actor turned Hollywood star Antonio Banderas and singing legend Julio Iglesias.