Two hotels owned by the Aifos company in Marbella have announced a suspension of payments, the procedure ahead of bankruptcy. The new judge in Marcantile Court 1 in Málaga, Afredo Elías, announced the move on April 27 against the Promociones y Servicios Hoteleros Guadalpin company which has been running both hotels concerned, the Guadalpín Banús and the Guadalpín Marbella.
It means that both hotels will now be run by three administrators who are a lawyer, an economist, and a representative from the Caja Publicidad company, who comes from one of the four companies owed money and who had called for suspension of payments. Also reported to be demanding the process were several owners of apartments in the Marbella hotel. Total debt of the two hotels has been reported in El País as reaching 1.17 million €. Some 300 workers are employed across both establishments.
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