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Katinkulta’s Resort expands – 92 Villas apartments completed

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18 Sep 2012

Katinkulta’s Resort expands – 92 Villas apartments completed

The first Villas holiday apartments have been completed at Holiday Club Katinkulta with a total investment value of €18 million. Nearly all apartments have already been sold and will be handed over to their new owners on 24 August 2012. Due to high demand, Holiday Club Resorts Oy will construct more villas and timeshare units in the area and the total value of the new investment will be €35 million.

 

Katinkulta’s one- and two-bedroom Villas apartments with a kitchen and a sauna boast direct indoor access to the spa hotel’s services. Only eight of the 92 apartments remain unsold, so Katinkulta is gearing up for the next Villas project. The goal is to begin construction of 50 new holiday homes in the autumn of 2012.

 

Until now, €75 million was invested in Holiday Club Katinkulta – one of the most diverse holiday resort in the Nordic Countries. Katinkulta currently offers a total of 3,000 beds in 92 Villas apartments, 116 hotel rooms and 364 timeshares. The occupation rate of the resort is high throughout the year – nearly 80%.

 

Holiday Club constructed the first Villas holiday homes in Kuusamo two years ago. At the end of 2011, the new resort Holiday Club Saimaa, located in Lappeenranta, completed the construction of 63 Villas apartments, all of which already have owners. The second phase of the Villas construction project is currently underway at the resort, and over half of the 35 new apartments have been sold. The Saimaa resort also offers Villas holiday homes as individual houses.

 

Holiday Club Villas is a new form of holiday housing at holiday resorts that offer diverse activities throughout the year. In addition to having the luxury of a personal holiday home, the owners can also receive rental income from the housing units they own. The location in the immediate vicinity of first-class spa hotels ensures high demand for holiday homes. Holiday Club, which is renowned for its timeshares and has been in the business for over 25 years, has extensive experience in running holiday resorts and letting holiday homes

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