Marina Baixa 16th March Issue 36
New hotel moves a step closer by Simon Russell
A plot of land designated for a tourist hotel development in Villajoyosa has been sold as part of a multi million euro deal. The parcel of land, which borders both the town’s popular Paraiso Beach and the main coast road on Calle Cervantes sold for over three million euros. Purchasers, Team 7 Real Estate Management SL, paid 3.4 million euros for the plot, more than 200,000 euros above the guide price set by Villajoyosa town hall. Sale of the land, which has a
construction ceiling of just under 8000 square metres, has proved a contentious issue since first proposed and passed, by the ruling coalition group of politicians and put up for auction in late 2016. After receiving no interest from the initial auction, the asking price was reduced by 15%, with a change in boundary alignment also agreed to attract potential investors. New owners Team 7 submitted the highest offer for the land, over two other bidders and must now submit plans for the development, working
alongside planning technicians from the town hall. Villajoyosa mayor, Andreu Verdu expressed his delight at the conclusion of the sale. “Because the sale of the land has increased by more than 200,000 euros which is funding that goes directly into the town hall coffers to benefit our citizens”, he said. “When the hotel opens on this piece of land, new jobs will be created in the town, and increase Villajoyosa’s attraction for tourism significantly.”