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[BUSINESS] · Spain · 2 sources

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Salto de Castro village purchased by American investors for tourism

American entrepreneur Jason Lee Beckwith and his partner have purchased the abandoned Spanish village of Salto de Castro for an estimated €300,000 to €350,000. Located in the Zamora province within the Arribes del Duero Natural Park near the Portuguese border, the village has been largely uninhabited since the late 1980s.

The site was originally constructed in the 1950s by Iberdrola to house workers during dam construction. The new owners plan to transform the village into a center for sustainable rural tourism. The project will involve restoring the village's historical architecture while adhering to local zoning regulations, as confirmed by Fonfría Mayor Sergio López.

The village structure includes 44 houses, a school, a church, an old police station, a bar, and a guesthouse. The initial phase of restoration will focus on the church and buildings designated for use as a hotel and restaurant. Following this, the guesthouse will be converted into a 14-room accommodation facility, with a gradual plan to repair all remaining residential homes in the village.

Entities

Arribes del Duero Natural Park · Iberdrola · Jason Lee Beckwith · Salto de Castro · Sergio López