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EMAP accuses Grandvalira partners of sidelining Pal Arinsal amid heavy losses
Since integration into the Grandvalira group in September 2021 Pal Arinsal has recorded about €4.5m in losses per season, says EMAP, which faults.
Synthesized from:
Diari d'Andorra
Key Points
- Pal Arinsal has posted roughly €4.5m losses per season since its Sept 2021 integration.
- 2013 rescue by Comú de la Massana issued €19m in preferred shares, now largely amortised.
- EMAP blames Nevasa’s premium-focused commercial strategy as mismatched to the resort’s market.
- Larger partners say they raised average prices, dispute growth expectations and deprioritise "social peace" in corporate culture.
EMAP says Grandvalira treats Pal Arinsal like the "poor relation" after the resort was integrated into a new company with the Comú de Canillo and Creand (Setap365) in September 2021. Since then Pal Arinsal has posted losses of about €4.5 million per season.
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Original Sources
This article was aggregated from the following Catalan-language sources: