This movie was okay. Not a complete waste of time if you have time to waste. The Gothic atmosphere and the Spanish country side were creepy and beautiful. From the start, I knew it wasn't going to be a masterpiece just purely from the way the woman walked into her boss's office like she was on a runway. This movie starts with modern times and 15 minutes in, we get what I assumed was going to be a flashback but was really the meat of the story. The actors in the olden times are much better comparably to the modern day actors in terms of acting. Also, this is apparently part one and there will be a part two, from the looks of the preview after the movie finished. It feels more like a serial than a movie.
As to the plot, like the previous reviewer stated, they forgot about the modern times after one of the characters starts telling a story about what happened in the past that made the place haunted, so there really is no story or plot for the modern part of the movie. The plot regarding the origination of the haunting was decent, was spooky at some parts, but it still felt lacking. I guess you have to watch both parts in order to really get the crux of the movie.
This movie is not self contained.