Bull Hotels, the chain that owns Bull Dorado Beach & Spa, the Bull Escorial & Spa, the Bull Eugenia Victoria & Spa and the Bull Costa Canaria & Spa, the latter four stars, has created a company this December to group together the shares of the chain under the command of the patrimonial Arkadia Gaycar. Business sources indicated that the company is trying to recover the flight after the crisis arising from Covid19. The company has entered losses of -1.411.782 euros. It is assumed that the Del Toro family chain hopes that the decline in energy prices and the squeeze on the margins of tour operators will redirect the situation in a consolidated manner in 2023.
The accounts that Deloitte audited indicate that the collapse of the company has been monstrous: from the 14.890.201 euros received in 2019 it remained at 290.201 euros and from having a working capital of 13.967.438 euros it was -506.971 euros in Ebitda in June. The operating result has been reduced to -507.744 when it came from a positive figure of 13.966.665. The company's assets have now stood at 91.279.143 compared to 100,1 million euros in 2019. The company's assets have not been affected, remaining close to 89,5 million euros from 90.942.480 2019 euros.
The company that controls Hotel Reina Isabel also had a problem with Covid19: it left 2020 with income of 3.568.250 euros compared to 11.321.891 euros in 2019. But where the pandemic has wreaked particular havoc has been at the Costa Canaria hotel, which From 13,9 million euros it went on to sell for a value of 5,3 million euros and had a negative operating result of 657.582 euros when it came from +3.154.302 euros. The Eugenia Victoria hotel has gone from 16,4 million euros to 4,4 million euros and from a working capital of 5,3 million euros to a negative of -626.782 euros. The operating result has gone into a tailspin waiting for the market to correct its arrival since in 2019 it was at 4 million euros and in 2021 it remained at -1.995.181 euros.
