La Manga Club given two year grace period

January 05, 2009

La Manga, Spain’s leading luxury sport and leisure resort, have released a second press release stating that they have been granted a period of grace of two years in which to put their finances in order.

Director of operations, Julio Delgado, stated, “La Manga Club is well positioned to take full advantage of the breathing space offered by the court order and, in collaboration with our hotel management partner, Hyatt, we are developing a strong business plan for 2009. The organisation has undergone considerable improvements and investment over recent years and we are now in a secure position to capitalise on our unique offering.

Indeed, we have seen strong bookings for 2009, with high profile events such as The Ladies European Golf Tour Q School, and The Audi Golf Classic as well as a number of first division European football clubs’ seasonal training sessions.

¨It is business as usual, starting with a marketing relaunch this winter to increase our share of core markets in golf, other sports, incentive groups and families during school holidays,” concluded Delgado.

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