They are a piece of Spanish history and have been on sale for some time to raise cash. We are talking about the Paradores, the state hotel chain, made up of over ninety luxury hotels, almost all housed in castles, monasteries and historic buildings. Real jewels (even if the cost per night is affordable) in centers such as Cuenca, Avila, Salamanca or Alcalà.
Well, this chain, commissioned by King Alfonso XIII in the late 20s and then developed under Francoism, which greatly helped the development of tourism in the Iberian Peninsula, is for sale, but its sale is encountering difficulties.
The group, in fact, has a cash flow problem of 80 million euros, after having lost more than 2009 million euros between 2010 and 40. In addition to this, turnover fell by 7,4% to 236 million, while debt increased from 81 to 92,3 million. For their part, investments fell to 50 million, compared to an average of more than 130 million in the previous two years.
In short, so far the offers have been few and above all downwards. An additional problem for the Rajoy government which is trying to raise cash to reduce the budget deficit and ward off the specter of recession.
