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MARINA D'OR GOLF ANNOUNCES FOREIGN INVESTORS TO START WORKING IN 2015

he project reduces the 20% of households to create 168,000 hotel rooms and generate 30,000 jobs. Mr. Ger (CEO of Marina D'or) hopes to close the deal this year or 2014 and start the PAI with the improvement of the economic situation

22/04/2013

The PAI Marina d'Or Golf is alive and not abandoned. " Such confidence Ger Jesus showed yesterday when he appeared before more than a hundred landowners which would place this great urban development, which includes the municipalities of Cabanes and Oropesa. Mr. Ger revealed that there are "five foreign serious entrepreneurs with economic capacity to buy; they are very interested in investing and financing the operationthree of them have showed great efforts to sign the agreement", but he explained that they are waiting for Spain's economic outlook is better. The head of Marina d'Or noted that even though the crisis "is surprising how many investors are interested in the world of betting on a tourism plan in this country," he said.

Mr. Ger is confident that the crisis has already reached its peak and the cycle begins to change. Thus, states that "this year or next could give an investor and will sign an agreement that will be national news." "And at 12 months, in 2015 or 2016, could begin working on the first phase,". The first phase, which includes 20% of the program, have a lead time of about two years, to build several hotels and three golf courses, in a macro that would continue to evolve and grew steadily over the years of development.

RETHINKING THE PLAN / / The owner of Marina d'Or also reported on reshaping the project, announcing the turn have decided to adapt it to the times and circumstances in the construction sector. Ger revealed that the large number of houses which provided the initial program "have been discarded" and now is committed to building hotels, which will provide 80% of the plan, while the remaining 20% ??would go to properties. An urban program that Ger described as "special, unique, very ambitious, the best you can have in the Region and that would make the biggest resort in vacation town of the European continent." And it is against the 34,000 vacancies for the night in hotels that included Eurovegas, this project "goes far beyond and projects no less than 168,000 seats," explained. Also expected to generate "30,000 direct jobs", focusing on the preference "to hire and Oropesa Cabanes neighbors".

MORE COMPETITIVENESS / / also Mr. Ger was "sure that this crisis will get out more strengthened and be more competitive, and we have to work more and charging less, and this also like abroad." "Spain will begin to be wished for," he said, although he stressed the "importance and need for institutional support for Marina d'Or in this region and province a city of wonderful hotels, exclusive and different". With this 180 degrees, land value will also acquire more value than if it were used for housing, "by failing to demand and prices have fallen."

The opening of the area would acquire 20% of the project implemented with the aim to analyze what is the answer and be developing the following stages. Marina d'Or will defend their large investment to the end and anywhere, "concluded Jesus Ger. H