The investment group hired by the singer to put her accounts in order continues with its plans to sell the Paquirri estate that her widow inherited, Isabel Pantojaand his son, Kiko RiveraNegotiations are not proving easy, especially because mother and son, who own 52.4% and 47.6% of the land and the house respectively, have not spoken to each other for over a year. However, this Tuesday the experts revealed the new strategy to speed up the sale: converting the property into a luxury rural hotel.
This has been confirmed by the Medina-Sidonia town council, which owns the land: “They confirm to me that a feasibility report was submitted about two months ago. The person in charge of managing Isabel Pantoja’s affairs has prepared a report together with experts to be able to exploit the property as a tourist environment and make a luxury rural hotel,” Pepe del Real revealed on the programme. Let’s see. “They tell me that it is the best report that has been presented to determine the viability of the property and that there is not a comma that needs to be changed, so they have signed and sealed it immediately.”
And that’s not all. The journalist also claims that the report includes a section under which events could be held: “That has also been approved.” It should be noted that an annual horse racing tournament is held very close to Cantora, which usually fills the accommodation in the area.
The estate has 500 hectares, wine cellars, an orchard, a swimming pool, wells, horse stables, a bullring and even a small bullring. The property would be transferred to the investment group hired by the singer, who has already signed the agreement and has offered two million euros to her son to do the same. “After the sale of Cantora, he would have 800,000 euros left (…) If it goes ahead, the investment group wants to build a rural hotel in the area. This does not imply any rapprochement between mother and son, nor will they pick up the phone,” said Rossi.
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