LAND PURCHASED FOR CEE'S LARGEST EVER ECO-RESORT

Date Added: Sep 15, 2008

Author: Manager Real Estates Directory

Category: Europe real estates: Real Estates in Romania

Carpatia Resorts, a US-based international developer, has completed its land acquisition for the Carpatia Resorts and Conference Centre, a luxury eco-resort in the Cuicas Mountains area of Romania’s Transylvania region.

Described as the “largest scale mountain resort possible in Europe”, by Robert Dasy of international eco-design firm WATG, the project’s key attractions will include 5-star hotels, a grand casino, Romania’s largest conference centre, a medical health centre, a modern spa and treatment centre, an extensive and varied dining and shopping district, a state-of-the-art ski lodge, a high-tech arcade and fun centre, an indoor water park, a sports entertainment complex, and a concert hall with supporting offices.

“Our acquisition of 3,600 hectares of contiguous land, including three mountains ranging in height from 1,600 meters to 2,200 meters, reflects upgraded ratings for Romanian investments following its ascension into the EU in 2007,“ stated Carpathia Resorts spokesperson Brian Bonnema. “For example, Standard & Poor’s and Moody’s have both upgraded Romanian real estate to investment grade ratings. Colliers also rated Romania the third best real estate development opportunity in the world, and it is described as the most attractive South East European country for investors according to a study authored by Ernst & Young this year.”

Bonnema says Romania’s solid economy, coupled with its central geography among European and Middle Eastern countries, offers developers a unique position to realize profit yields not available in most other parts of the world.

“The projected return on investment (ROI) on the development is over 90% per annum over a six-year investment, with 50% ROI per annum is guaranteed in exchange for two-year investments,” he said. “With just 10% of equity approved for private offering, only an exclusive few will realize the incredible profit potential of this unique opportunity in an emerging dynamic market.”

In addition to its potential for profit yields, Bonnema said the project will also showcase sustainable design to a level the world has never seen and will take advantage of the growing eco travel trend by attracting tourists from all over the world to bird watch, fish, hike and ski.

“Given the Transylvania area’s enticing history, folklore and natural beauty, we describe our offer as a combination of old world romance’ and emerging new world opportunity,” Bonnema said. “It’s a win-win situation for everyone involved.”

Starting this month, company officials will be presenting the opportunity to investors at scheduled meetings in Los Angeles, New York, London, Dubai, Hong Kong, Moscow and other locations.

Source: www.opp.org.uk