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TODAY'S OTHER NEWS

Boost for investors as holidaymakers snap up rooms in new Cape Verde resort

Investors in The Resort Group's latest Cape Verde development, Llana Beach Hotel, have been boosted by the news that holidaymakers are already booking breaks at the 601-suite hotel which isn't due to open until December.

The Resort Group says holidays for the new hotel's opening month are booking fast, which will have a positive impact on investors' rental returns.

Property investors who purchased suites at Llana Beach were offered a 7% fixed-rate return during construction and a net minimum of 5% once the resort opens its doors.

The new development has been split into two hotels – Sensimar Cabo Verde, an adults-only hotel by Thomson and MELIA Llana, catering for adults who enjoy 'the finer things on offer at five-star hotels'.

The Resort Group already has two developments on the Cape Verdean island of Sal, MELIÃ Dunas Beach Resort & Spa and MELIÃ Tortuga Beach Resort. It has also broken ground on a new development, White Sands Hotel & Spa, situated on Boa Vista, another of the Cape Verdean islands.

"We have established a very successful property investment model for clients looking to benefit from the growing tourism in Cape Verde," says Rob Jarrett, chief executive of The Resort Group.

"The fact that all of our Hotels are linked to a lucrative operator agreement, and are seeing high levels of touristic demand generally, means clients can expect strong occupancy."

For more information, visit: www.trg-property.com.  

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