The ongoing judicial saga relating to the financial and administrative affairs of the Hotetur hotel chain and its wholly-owned management company White Horse has taken a new turn, one that specifically relates to the giant Bellevue complex in Puerto Alcúdia.
An agreement appears to have been reached between the Blue Bay group (Al Andalus Management) which is currently running Bellevue and the Luabay hotel division of the Orizonia travel group.
Orizonia has been pressing its claims on Bellevue. These relate to a debt owed to Orizonia of 40 million euros that had been taken on by the previous owners of Hotetur, the now defunct Group Marsans, and for which Bellevue was the guarantee; Hotetur was acquired by the investment group Posibilitum, now the ultimate owners of Bellevue.
A resolution, in the form of the proposed agreement which seems likely to be accepted by both the receivers for Hotetur and the judge overseeing the case, will see Blue Bay and Luabay jointly run the Bellevue site. Moreover, it is understood that documents have been lodged with the Balearic Government's tourism ministry which would enable the complex to be split into two "hotels", albeit that the use of the word hotels is somewhat misleading, given that Bellevue is a series of individual blocks of apartments.
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