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Dina

05/04/18 12:38 PM

#212 RE: Bobwins #211

I have no idea if funding is the reason for the delay and it doesn´t sound like company is concerned to find a new management company in case Melia is not interested anymore.

Here in Cologne/Germany they want to build a casino and there are always delays and funding is not the problem.
With larger projects delays could have other reasons.

You could ask the management. They always answer, but takes 1-2 weeks, email is cyrill.escher@sunvesta.com

Ceo died September 2016. Maybe this is also a reason for the delay.

Dina

05/04/18 1:46 PM

#213 RE: Bobwins #211

10k shows: "Our expected timeline for developing the Paradisus Papagayo Bay Resort & Luxury Villas has been extended due to delays associated with administrative hurdles and securing the necessary financing for the development as follows

*commence onsite vertical construction as soon as financing is secured
* complete construction mid-2020
* handover to hotel management mid-2020

Traderfan

05/04/18 1:51 PM

#214 RE: Bobwins #211

I bought in as well here. This all seems intriguing and at least have a lot of potential besides the risk.