HOTEL and real estate group, Jale have lost control of the famous Incosol hotel in Marbella as well as three others in Cadiz and Cordoba. A judge in Cadiz has left the management of the hotel in the hands of the members of the insolvency administration and the owner of the hotels, Inmobiliaria Amuerga, will receive no money at all.
Incosol is run by Jale Medical Spa Corporate SL although there is no contract to prove this and the money taken, which amounted to €11.7m in 2008, is kept by this company. The judge reports that there was €7.5m worth of unjustified personnel and external services expenses. Amuerga, however, claimed that this situation was known by the insolvency administration.
Now, the creditor will be able to appoint someone to directly run each one of the hotels so that expenses can be properly controlled.
Staff at the hotels, and trade unions, are happy with the sentence, which may be appealed, because it means they will remain open and they will be paid the wages which they are owed.
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