Nobody turned up at the auction to sell off the Hotel Byblos Andaluz in Mijas , and that despite that the reserve price was set at 15.1 million €, estimated to be less than half the hotel’s real value. The luxury hotel is owned by the troubled Aifos real estate developer and Mijas Ayuntamiento had organised the auction to collect a debt owed to it by the company. Aifos owes 1.2 million to Mijas in IBI and IAE taxes, and also find themselves implicated in the Malaya corruption case in Marbella.
The lack of a buyer now gives the Town Hall the option to sell the hotel to whom they deem fit, and those who are interested in the sale now have six months in which to present their offers.
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