MALLORCA TODAY - Bellevue debt at 80 million euros

The Bellevue hotel and complex in Puerto Alcúdia is attracting most of the debt that has been accrued by the hotel chain Hotetur. Acquired by the Posibilitum group last year as part of the sale of assets of Grupo Marsans, Hotetur is still in difficulty, with some 100 million euros of debt hanging over it, 80% of it Bellevue's. The hotel remains the subject of a legal dispute with the Orizonia group which had a mortgage over the hotel as a guarantee for debts run up by Marsans. Bellevue is due to open on 1 April.