MALLORCA TODAY - Bellevue creditors' agreement

The immediate future of the Bellevue hotel complex in Puerto Alcúdia and of staff employed at the hotel has been secured. An agreement with creditors regarding some 100 million euros owed by Bellevue's former management company, White Horse, which went into administration following the bankruptcy of its parent company, Marsans, in 2010, has been obtained by the new owners of White Horse and Bellevue, Posibilitum, as part of court proceedings into the affairs of White Horse. What remains to be seen is whether a joint management of the Bellevue site, one that would involve a creditor, Orizonia (Luabay), will be pursued, as has previously been suggested.