Marbella is to get a new luxury hotel complex right on the beach.
The Platinum Estates group, an investment fund based in Hong Kong, has just acquired 170,000 square metres of land on the coastal strip of Las Chapas which is situated right next to an area of sand dunes which is one of the most important natural spaces in the town.
The land purchase, which includes 600 metres of beach frontage, cost 50 millon euros and the investment fund has budgeted a further 150 million euros into the hotel project.
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