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NEW INVESTMENT IN
MARBELLA WORDS MICHEL CRUZ
You would be forgiven for thinking all is grim and bleak during this Covid-affected period, but as we near summer, with the growing impact of vaccinations and the easing of lockdown and travel restrictions, there is a growing swell of positive news – including major new investment projects on the Costa del Sol.
T
ourism and the hospitality industry in general have suffered terribly as a result of the restrictions imposed during this Covid-19 crisis, and one might have thought that confidence in the sector would be at an all-time low, but this is not so, for rather than licking its wounds it is bouncing back with enough belief in the future to initiate not one but a raft of exciting new resort projects in the greater Marbella area. 50 / APRIL 2021 ESSENTIAL MAGAZINE
This points to investor confidence, for the companies and funds behind such plans do not embark upon multimillion projects without having studied the situation thoroughly and convinced themselves that this region will yield the required returns. With most geared for the summer of 2022, it indicates a clear expectation on the part of people better informed than most of us that not only will things have returned to normal
by then, but that extra capacity is required. NEW LUXURY RESORT PROJECTS IN MARBELLA Within the Marbella municipal area alone, a series of exciting new hotel resort projects, some accompanied by residential development, will bring new impetus and create jobs in the region, also adding important new high-end stock to an already impressive list of five-star options.
