I have read some of your recent comments about the resort and am glad someone is out there to moan to !
I agree that the resort has been well behind schedule and this has made holiday lettings almost impossible.
I am joint owner of a villa on phase 1 with my parents ( thankfully not mortgaged but we have pretty much written off the £300000 we paid for the place now ! ). I also half own a Coral on phase 3 ( mortgaged and very expensive ! ).
The costs of running these places just for the service charge and council tax / wealth tax is incredible and that doesn't take into account the awful exchange rate. The cost of pool maintenance and cleaning / gardening is also incredibly expensive not to mention water which is like liquid gold.
The signs are not good when we are entering a recession.
The resort is not an attractive place compared to La Manga. I am going there for my summer holidays but would prefer to go somewhere more pleasant. It is just that I can't afford to go somewhere nice any more. Vale de Lobo or Quinta de Lago are just a pipe dream now !
The clubhouse is beautiful and I am sure the hotel will be very nice but it is obvious Armilar ( do they still own the place or is it Caixa Catalunya now ? ) cannot afford to finish the dream. The landscaping is terrible with large barren patches of desert. There is no phone system to the resort. The motorway slip road is blocked with a pile of earth ( or it was when I last went ). The monthly magazine has been shelved.
No person in their right mind would come here on holiday when La Manga is just down the road.
I also have tales of woe of disappearing tenants and being ripped off by Sue Gardner so long term rentals are not the answer either.
I have just about given up on the place too now, I am going out in a few weeks just to sort out the ongoing maintenance problems with my properties.
The worst case scenario is that the resort will go bust ( I've heard the bank might already own it ), the golf course will shut and Melia will pull out of the hotel lease. Second golf course ?? Ever ?
Sorry to paint such a bleak picture . My only optimistic thought is that I am told that La Manga was just like this shortly after it opened and look at it now !
Armilar have been a shambles from start to finish and they might take all of us with them in the end.