Change of direction for the Cortijo la Reina hotel: it goes on sale and this is its price

The project processed years ago for the expansion and improvement of the Cortijo la Reina hotel, which would have made it the first five-star hotel in Los Montes de Málaga, has not been carried out in the end, and its current owners have decided to put it up for sale, in search of a new investor who has the capacity to undertake this action. They announced this on Monday through a statement in which the Mathiven group, which acquired the hotel in 2016 with the intention of upgrading from a four-star to a five-star category, announces its sale for 14 million euros.

Since its acquisition nine years ago, Mathiven has purchased two nearby plots, so the total volume of land being sold, along with the permits to expand the hotel, amounts to 766,587 square meters. The price includes "land, properties, designs and plans, licenses, and grants," and the sale is managed by Beauchamp Estates. However, according to sources consulted, the current hotel owners are also "open to partnering with a private investor" to execute the expansion and improvement project they have not been able to develop, even though they have had the construction license for four years.

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The project, which was approved by the City Council in 2021, plans for the demolition of current buildings, the remodeling of some existing structures, and the construction of new ones. Thus, the buildings located to the north, which will be used as rooms, will be maintained, creating a covered connection with the new buildings that will be developed around the farmhouse with courtyards that will connect one with another.

The action, which was valued at more than 21 million euros, will double the capacity of the establishment to 75 rooms and 66 parking spaces. The establishment will have a wellness area, a new restaurant, and a swimming pool. Outside the main enclosure, to the north of the estate, a pavilion dedicated to meditation and yoga activities has been planned. Reforestation actions are also planned.