THE proposed new luxury hotel and conference centre planned for the Levante dock in Malaga has taken another step forward last week after a meeting was held at the Malaga town hall between the mayor and key financiers.
Representatives of the Qatari Royal family, who are financing the project, met with Malaga mayor Francisco de la Torre to discuss plans for the upcoming venture. The Qatari royals were represented by former Real Madrid president Ramón Calderón who was acting as spokesperson of both the family and their affiliated holding company, Al Alfia.
The proposed hotel is planned for a site at the end of the Levante dock in Malaga’s high end port area. It will include a135-metre-tall 35-storey tower, luxury hotel rooms and a world class business centre. It is estimated to cost around €150 million, completely funded by the Qatari family.
Although construction work was due to begin in 2020, this now seems unlikely as a mountain of bureaucratic paperwork needs to be completed before the work can start.