Marsans Sold For Six Hundred Million Euros

The troubled travel concern, Grupo Marsans, has been sold to a company called Posibilitum Business. This is controlled by a Valencian businessman Ángel de Cabo who is involved with the real estate market in the Valencia area and has a reputation for taking on companies in difficulty.

Included in the sale is, of course, Hotetur, the hotel chain of which Bellevue (and Lagomonte) are a part. With the sale, one would imagine that rumours as to Bellevue’s future should subside. Nevertheless, it will take a while to see how the new owners tackle the problems that surround Marsans. Typically, businesses that specialise in taking over companies in distress look to reduce costs as a means of extracting profit, slimming them down with the possible intention of selling them on at a later date. The exact strategy for Marsans, and therefore for Hotetur, is not known as yet.