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Spain's Interior Ministry Sells Castillo de Maqueda for €3.25 Million

The deal sets an appraised-value exit after years of failed auctions.

Overview

  • América de Construcciones y Turismo (Amcotur), a Canary Islands hotel group, is the buyer and plans a four‑star rural hotel with commitments to rehabilitate the walls and protect interior remains.
  • The transaction was agreed by direct sale on October 28 with a €162,710 deposit paid, and formalization before a notary is expected in the coming days.
  • Authorities say the price matches the official valuation, concluding a disposal effort that saw nine auctions since 2014 with reserves ranging from €9.58 million down to €2.76 million.
  • The state previously invested about €7.4 million in a modern three‑storey building and basement inside the castle for a museum and archive that never opened, which is the structure the buyer intends to reuse.
  • Maqueda’s mayor welcomes potential tourism and jobs but says the town has not received formal notice and the site remains closed; he told ABC works could take roughly 18 to 24 months.