Displaying items by tag: Phoenix Group
Some wonderful news for current and prospective owners on the La Torre Golf Resort. The Intercontinental hotel has been sold and will be re-opening in the next few weeks. This is great news for owners and those considering a purchase on the resort. The company who has purchased the hotel are called The Phoenix Group and are a family company based in Santiago, Chile. As well as working in the real estate market they also have interests in tourism, financial investments and renewable energy.
The group also owns the very successful luxury Hotel La Quinta which is based in Marbella.
As well as the hotel the Phoenix Group have also taken possession of the Limonero and La Encinca restaurants, as well as the Woodhouse golf bar, Bamboo bar, Pinos bar and the conference centre.
This is great news for the resort as it will mean that facilities on the resort will improve, increasing both property prices and rental returns for owners.
In addition to the above is has been confirmed that Polaris World have now paid in excess of 2 million euros of outstanding community fees. This will enable the community to reduce the fees for owners for 2016.
Now therefore is a great time to consider an investment in one of the many properties currently available at greatly reduced prices on the resort.