Holiday Club Resorts has embarked on a new venture in Southern Europe and has signed an agreement with Grupo Lopesan, one of Spain’s leading property developers for the development of a plot of land adjacent to Villa del Conde on the Costa de Meloneras – one of the most exclusive locations in Gran Canaria.
The project will consist of the construction of high-end luxurious Timeshare accommodation, consisting of 1-bed, 2-bed and 3-bed villas. The aim is to start construction before the end of 2012. VesaTengman, Group CEO, comments: “This new acquisition will enhance Holiday Club’s existing resort portfolio considerably and is a positive step forward in our international growth strategy.”
The Joint Venture will comprise of Grupo Lopesan holding a majority in shares for the Resort Management business, and Holiday Club holding a majority in shares for the Sales and Marketing of the project. Calvin Lucock, MD of Holiday Club Canarias adds “Holiday Club’s current position as market leader in Europe and Lopesan’s commitment to the finest quality hotels offering the very highest standards and guest experience form a synthesis guaranteed to succeed.”
Grupo Lopesan is currently the Canary Island’s most prominent developer of select holiday accommodation; offering top class wellness facilities, exclusive commercial centres, well appointed conference halls, spectacular golf courses and some of the world’s leading hotels. Having received numerous international awards, this strong Group currently stands at the forefront of the Canarian leisure industry.
This liaison is set to have a particularly positive impact on the Canarian economy, as it will boost the local tourism industry and infrastructure of the island as well as create numerous new job opportunities.