P&O is to seeking £100 million for its luxury Spanish
sport and leisure resort La Manga, as part of an ongoing strategy
to focus on its “core businesses”.
The Murcia resort, a favoured destination of footballers which
became embrolied in the Leicester City Football Club sex scandal
earlier in March, has been owned by P&O for 17 years.
The 1,200-acre club on the Costa Calida offers two luxury
hotels, three golf courses and an eight-pitch football centre. Also
included are 1,675 luxury villas and apartments.
The sale is expected to start in September and is likely to take
a few months, P&O said.
Meanwhile, P&O said conclusions of a review of its ferries
business is expected to be announced on September 28.
In its interim results, out last week, the company said its
ferries’ trading remained difficult.
Ferries reported a loss of £25.1 million, against a loss of
£19.9 million the previous year. Tourist vehicle numbers
dropped 5% on 2003