Grupo Playa Sol continued to dominate the news during the week after a judge refused to lift the closure orders of three hotels belonging to the group. The new administrator of the company, Javier Perelló, had appealed the closures of both Panoramic and Tropical Garden, located in calle Ramon Muntaner in Ibiza Town, by the Island Council. However the judge agreed with the decision by the Consell to close the properties, which were supposed to remain open until 31st October.
Diverse work will be now needed on the hotels during the winter before the authorities will allow them to open up once again.
However, it was not all bad news for Perelló as he revealed that he had reached an agreement with Bancaja and Banco Popular in regard to loans of €11 million, the majority of which will be spent on September and October’s wage bill, with €1 million being put aside to cover the work on the three hotels in question. The Island Council supported the loans after Perelló threatened to declare bankruptcy, which would have placed thousands of jobs in danger.
On Monday, after a huge protest by GPS staff in front of the Island Council building, the Consell agreed they would not be closing any more hotels for the time being, although work will need to be carried out on a number of properties including Mare Nostrum, Tivoli and S´Estanyol/San Remo before next summer.