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Stoneweg Buys the Los Monteros Hotel in Marbella for €47 Million

The 47 million euros that Stoneweg is going to pay for the Los Monteros hotel values each room in the establishment at more than 271,000 euros.

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The Spanish-Swiss fund Stoneweg has prevailed in the process to purchase the Los Monteros Hotel in Marbella, in the province of Málaga, according to El Confidencial.

Specifically, Stoneweg, which was co-founded by Jaume Sabater and Joaquín Castellví, has submitted an offer amounting to 47 million euros for the property, which was inaugurated six decades ago.

Read the full article in Spanish.

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