Someone has confidence in TRNC

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
01/04/2010 08:47

http://www.ftnnews.com/content/view/9030/33/

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
01/04/2010 10:13

Where is this hotel situated in Girne ?

simbas



Joined: 16/07/2007
Posts: 5943

Message Posted:
01/04/2010 10:29

In Catalkoy

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
01/04/2010 10:31

Cheers Simbas .



Is it the one that is on the coast line ? still unsure exactly the location ?

simbas



Joined: 16/07/2007
Posts: 5943

Message Posted:
01/04/2010 10:34

I have no idea Pipie , i just googled it , it is on the coast though and It says 5km from Kyrenia , they are taking bookings !!

Simbas

Hatty


Joined: 13/07/2008
Posts: 260

Message Posted:
01/04/2010 10:49

It is next to Lemar

davedee



Joined: 01/12/2008
Posts: 479

Message Posted:
01/04/2010 11:02

I see work has also resumed on the part finished big hotel beside Aqua Park Lapta.

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
01/04/2010 11:10

Cheers Simbas .



I wonder if it is the massive building that has looked like a shell for a number of years on the coastline ? Cheers Hatty i am still trying to get my bearings !!!

dougskud



Joined: 04/04/2008
Posts: 356

Message Posted:
01/04/2010 11:17

Hi Everyone



The timing is really interesting, this hotel has been a dormant building site for at least three years.



Last years tourist trade was the worst for many years.



The combination of the world's problems coupled with the very weak pound has resulted in a continuation of the downturn in tourist activity.



So logic would suggest this Hotel and the others currently being completed are going to be trading almost without Customers !!.



Or is there something going on which would suggest access to N.C. becoming far easier and more attractive??

regards

Doug

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
01/04/2010 11:18

Just googled it (cheers Simbas ) Looks fabulous !!!

jacktheladett


Joined: 01/07/2008
Posts: 528

Message Posted:
01/04/2010 12:56

Isn't this Tommy13's hotel?

chico


Joined: 18/03/2008
Posts: 119

Message Posted:
01/04/2010 13:22

This place looks amazing - we have been watching the progress over the last 3 years - we were out recently and they had started to build the entrance which looks pretty spectacular. Lots of marble being used - have a look at the artists impressions! http://www.corendon.be/cratos-premium/kyrenia/cyprus/hotel?tab=5

sloan



Joined: 24/02/2009
Posts: 808

Message Posted:
01/04/2010 13:27

Just hope it gets the necessary customers. We visited the Ottoman Savoy last time we were over and it was virtually empty. It was winter, but I cannot imagine that a hotel of those proportions would rely on summer trade only. Turkish man living next door said that the owners were hoping to sell.

Lambousa Gordon


Joined: 03/11/2007
Posts: 1992

Message Posted:
01/04/2010 13:35

I imagine this hotel suffered a three year postponement because the operators have realistic expectations of our tourism prospects.



However, this hotel was built largely with TR Government funding and if it wasn't finished then the TR Government would likely demand their money be returned.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
01/04/2010 13:49

i was told a very wealthy turkish football club own it,also it will house the largest casino on the island.

rcroton


Joined: 05/06/2008
Posts: 192

Message Posted:
01/04/2010 14:04

I take it you mean the large shell next to Paradise on the beach. Alot must of happend in the last 8 months since i was last over

jakki



Joined: 23/10/2007
Posts: 865

Message Posted:
01/04/2010 15:35

I just googled it too - Wow!!! - I do wonder if it is that hotel at the back of Lemar - my boyfriend is in TRNC at the moment I will email and ask him to find out.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
01/04/2010 15:45

"Using only its own equity capital, BOZGROUP invested US$220 million for a hotel project - Cratos Premium Hotel - Casino - Port - Spa located in Kyrenia (Girne)"



http://www.ftnnews.com/content/view/9030/33/



Gordon, was this bit a stretch of the accounts then?

Lambousa Gordon


Joined: 03/11/2007
Posts: 1992

Message Posted:
01/04/2010 17:52

I stand corrected.



Two points:



This hotel project was formulated and submitted in the same period the TR Government made available credits to TR Companies to build tourism projects in the TRNC.



The figure posited for this investment is almost three times more than that given for the Bafra Artemis development.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
01/04/2010 19:06

Gordon,



I wasn't trying to score points.. but I was interested to know if you knew different and the article's author had been duped... it happens you know!

Lambousa Gordon


Joined: 03/11/2007
Posts: 1992

Message Posted:
01/04/2010 19:37

No worries - I didn't take it like that.



Rather I hadn't seen the article which would appear directly to contradict my speculation.



Has the "Port" part been completed? Perhaps that's what nudged the budget so high. ;)

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
01/04/2010 19:53

I cant believe no one has said look at that flying pig.Looks like there are some people that can see into the future and are liking what they see,

Paul.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
01/04/2010 20:38

To be honest we've watched as this place has progressed and yes at times it was difficult to see any outward signs of progress but obviously we have all been wrong. They appear to have been very busy inside at least.



From the outside we thought the building resembled a prison with gun turrets at the corners and all!

tommy13


Joined: 29/04/2009
Posts: 979

Message Posted:
01/04/2010 20:59

Jacktheladett,im flattered , thanks for remembering , !!

ino ts not mine ,

mine sould start to be obvious in the coming months , and its very near that other hotel in question , which is called ' boomerang '

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
01/04/2010 21:17

Great to see things coming out of the ground and long may it continue,

Paul.

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
02/04/2010 10:05

Forum members will be interested to know that I have posted the link to this item twice on the Cyprus-Forum (Greek Cypriot) in the last few days.

Both postings have been deleted without reason and I have now had a PM from the Admin asking me not to re-post again, without explanation as to why.

One can only assume that this hotel and all it represents in the TRNC doesn't fit in with their view of the way things should be.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
02/04/2010 11:16

Tommy I think you mean 'Bummerang'... Boomerang would be the correct spelling ;¬)

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
02/04/2010 11:20

Vaughan, Ostrich Syndrome I guess...

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
03/04/2010 13:51

They just dont like to see anything that resembles progress,

Paul.