Two companies have submitted applications to turn the 29-metres high landmark into the town’s next hippest overnight destination.
These applications will now be checked over by the Port Authority before being displayed publicly, so that objections and concerns can be lodged.
One condition is that the plans retain public access to the lighthouse, built in 1864, so that it can still be enjoyed by the masses.
This project is part of the nationwide campaign to protect and restore lighthouses which are no longer in use, called Proyecto faros de Espana.
A lighthouse in Malaga, La Farola, was recently restored and turned into one of the city’s most popular hotels.
While the Punta Doncella lighthouse in Estepona was restored two years ago with landscaped gardens, decking and benches.