The Martinón Group of Lanzarote has secured the award of the main lot of hotel assets of the company Mar Abierto (Santa Cazorla) in Taurito for 85 million euros.
This has been decided by the Commercial Section of the Court of First Instance, which has considered Martinón's offer more advantageous than that presented by Lopesan Touristik, of the Lopesan Group.
According to La Provincia newspaper, magistrate Alberto López Villarubia issued a ruling that recalls that this procedure is not a "strict sense auction" and argues that, when it comes to evaluating and comparing offers, the price offered "is not the only element that must be taken into account".
It refers to the fact that Lopesan proposed an amount that exceeded the winner's by 1,000 euros, while the hotel workers showed their support for Martinón.
The magistrate considers that the price is not a "differentiating element" because the difference between both is "irrelevant" and is "rewarded by the factors that determine that Martinón's offer is better than Lopesan's".
Among those factors, the fact that Grupo Martinón assumes “all income, rents and economic rights generated by reservations, events, leases or any other commercial activity linked to the establishments”.
The hotels acquired by Grupo Martinón are Costa Taurito, Valle Taurito and Lago Taurito, in Mogán, as well as the Hotel Las Tirajanas, in the municipality of San Bartolomé de Tirajana.
Against this ruling Lopensan can still file a motion for reconsideration.