Ilanga investments fund buys the emblematic Incosol Hotel

With an investment of more than 150 million euros, the new Wellness & Clinic Resort will have capacity for 180 guests, in various types of suites, rooms and apartments.

The countdown is on for the emblematic Incosol Hotel to regain its splendor. The Ilanga Investments fund has bought this establishment, with a privileged location in the Golf Río Real urbanization, just a few meters from the Four Seasons Hotel & Residences development, to turn it into a world reference in health and wellness. The goal is to welcome back its exclusive guests in the first half of 2025, after carrying out a comprehensive transformation project in which they will invest more than 150 million euros to make it look like a five-star luxury hotel, says Sonia Prieto, the general manager of the project. This fund, focused on investing in alternative assets in the hotel sector, points out that with this acquisition it intends to “turn it into the ‘Wellness & Clinic Resort’ of maximum reference worldwide in Marbella” and highlights that this transaction is one of the most outstanding operations in recent years in the region. “It will give a new impulse to investment and the creation of stable employment, de-seasonalizing demand, making it possible to strengthen the offer and positioning Marbella as one of the reference markets in the health and wellness hotel segment, with an estimated investment of more than 150 million”, they emphasize.

This operation and the proposed project will mean the end of the closure of this icon of tourism on the Costa del Sol, which ceased to be operational in 2013. Now Ilanga Investments intends to undertake an ambitious project so that the former Incosol will once again become the world reference in health tourism that it was for four decades. It should be noted that this complex was built in 1974 on a plot of 60,000 square meters and with a built-up area of more than 36,000 square meters. The establishment was the refuge where important celebrities such as Deborah Kerr, Princess Diana, Prince Rainier of Monaco, Audryn Herpburn, Salvador Dalí and Michael Jackson, among others, sought peace and wellbeing.

The new Incosol company, which expects to continue expanding internationally to other locations and markets, details that the new project will have 180 rooms, about twenty fewer than the current establishment, with different types of suites, rooms and apartments, because they intend to build larger and more luxurious rooms adapted to the demands of the new traveler. “We are going to undertake the project from scratch. It is a comprehensive transformation in which we have to maintain the structure of the building, which we also aspire to give it more movement”, they say, to point out that they intend to position this asset as a world reference in health and wellness and locate in Malaga the headquarters and concentrate in Andalusia all senior management positions.

“The new Wellness & Clinic Resort will offer an unprecedented experience in health, prevention and wellness, combining the most advanced Western techniques with traditional Eastern medicine,” they say. In addition, Sonia Prieto points out that “our goal is to design the best value proposition around the client and where our guests feel that the experience gives them back health and happiness, promoting a better quality of life and healthy values”.

Prieto also highlights the impact of this project on the municipality of Marbella, which he considers a world-class tourist destination, and on the Costa del Sol as a whole. “The new property will develop a sustainable strategy that guarantees the greatest return and benefit for the city, ensuring a positive impact on the four cardinal points: environmental, sustainability, economic and social. The refurbishment and equipping of the property will generate more than 500 direct jobs in addition to other indirect jobs during the period of time that the execution lasts”, he declares.

Ilanga Investments, an investment fund led by Pelayo Cortina Koplowitz, focused on “alternative hospitality assets” under the angle and criteria of sustainability, environmental protection and personal wellbeing, where all investments need to generate a positive impact on society and the environment, highlights the tourism potential of Andalusia, where they already have four investments, and they anticipate that this will not be their last investment in this destination.