Majorca Daily Bulletin

News | Balearics

Healthy profit on British sale

The Banesto Banking Group made a healthy profit on their sale of the massive Bellevue Holiday complex in Alcudia to Britain's Airtours Group, the bank announced yesterday. The Bellevue was sold for more 17'125 million pesetas, a profit of almost 10'000 million. Airtours have since bought a further hotel in Cala Viñas. According to Airtours President David Crossland, the tour firm intends to buy further hotels across the Mediterranean. Airtours is the world's largest tour company.

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