€50 Million Investment to Revive Marbella’s Hotel Don Miguel

Hotel Don Miguel Marbella

A group of investors have announced their intentions to reopen the Don Miguel Hotel in Marbella in 2015.

Magna Invest Foundation a company based in Luxembourg with capital from Libya, has recently stated it plans to invest around €50 million to refurbish the Don Miguel Hotel in Marbella.

Magna Palace Marbella

Sold in 2012 to the Magna Hotels & Resorts, S.L. group, the new hotel aims to create 1,500 new jobs during the construction phase and 600 permanent jobs once re-opened.

Magna Palace Marbella Entrance

According to the group, the new hotel will feature:

  • 300 “Deluxe” rooms and 73 suites with stunning views of the Mediterranean Sea and the coast of Africa.
  • 12 gourmet restaurants including an upscale restaurant with panoramic views located on the top floor.
  • A business center with several meeting rooms.
  • A shopping center with 22,000m2 representation of the most exclusive brands worldwide.
  • A wonderful fitness center with 5,000m2 Spa
  • A cinema complex of 5,000 m2
  • A sublime disco of 1,750m2.

The group will present more details on its new ‘Magna Palace Hotel’ during a press conference planned for January 2014.