http://www.abtn.co.uk/comment/1212616-hotelier-week-richard-balfour-lynn-june-15

In my opinion it seems that there is no chance of a De Vere hotel on Corvera being mentioned in the statement to be made at the end of next month. 

This message was last edited by Russ W on 21/11/2009.

This message was last edited by Russ W on 21/11/2009.

This message was last edited by Russ W on 21/11/2009.

This message was last edited by Russ W on 21/11/2009.

isnt a decision being made in december regarding the hotel on roda ?  will be interesting to see and should give an indication for corvera as well .

Spain still being in recession, Ladbrokes will probably lay odds-on that the decision is deferred.

Interesting post on the "Worried" post on Roda forum by Germaine on 5th  at 00.22 on . It is all hearsay at the moment. We all wait for something set in stone!

Coppel to join Balfour-Lynn’s Alternative Hotel Group

07:07 | 18.12.09

Andrew Coppel, who turned around the fortune of the Queens Moat Houses chain, is to become chairman of Alternative Hotel Group.

It is thought the appointment will follow the completion of financial restructuring of the group which is hoped to be secured by Christmas.

Coppel has agreed to become non-executive chairman at Alternative, which is jointly owned by Richard Balfour-Lynn, the property, leisure and retail tycoon, and Lloyds Banking Group.

Alternative owns upmarket hotels, including Cameron House on Loch Lomond and Slaley Hall, Northumberland, part of the 12-strong De Vere chain.

It is thought Coppel's appointment is reliant on the restructuring of Alternative's estimated £1.5bn of debt. He is not thought to be involved in these negotiations.

The refinancing talks are at an advanced stage. Sources said that Balfour-Lynn's stake in Alternative would not be reduced.

Read more: http://www.propertyweek.com/story.asp?storycode=3155462#ixzz0bUm1RTKy

Hello Steve and Jane - Happy New Year to you both!

Thanks for the post - I guess you , like I was looking on the internet hoping for some sign of an announcement.  It seems fairly obvious that no news from Calidona is crap news in this instance.

It seems that De Vere are having financial difficulties and I believe that the former Chief Executive, Carl Leaver probably had the right approach to running this business.  He sold off the Belfry for cash (£186m) in 2005 and kept the management rights.  He also negotiated the deal with Calidona to manage the hotels on Roda and Corvera and not to actually build them.  This cost about 2m euros (£1.4m) at about the same time. 

Essentially this strategy for growth was a low risk one for De Vere and I think highlights the relative insignificance of Spain to them.  We would have heard something by now!

Still no news of a decision.

doesnt anybody realise there is a world wide recession on at the moment ?

no construction work going on at all

why would there be a demand for hotels to be built by de vere or any body else?

525 empty

intercontinental empty

hotel narejos shut

do i need to go on?

we are still in a recession  be patient

I really don't think that Calidona will be building any hotel with De Vere in mind at the moment, considering AHG's Debt problems. How about you Russ, any spare cash ?

Principe Russ W. Hotel sounds catchy ! LOL!

Sorry Steve I haven't got any spare money at the moment but I do know the name of an organisation that has got some of ours and is responsible for building the hotel!  (It's not AHG who have to stump up the construction costs).

Perhaps they could call it "It's Not Our Faulty Towers"

Hi All ,

I was told yesterday that that HAVE NOT EVEN GOT THE LICENCE YET !!!!  ( for Roda )

The Lady told me on the phone that theTown Hall have some small differences but should be soughted all ok very soon.

That seems very strange and now I dont no what to believe

A senior Director told me and others present  a long time ago that the Licence for the Hotel and Commercial Centre were all ok He also went on to say that back in 2005/2006 they had a letter of Credit from a Spanish Bank for Euro30mio to cover the costs

He then went on to say that at the beggining because of some oppsostion to the Hotel back then they were waiting for the Licences,but eventually got them

The reason for not building was it was now 2007 and " Credit Crunch time" and the Letter of Credit was expired

Ok Licences or no money either way RODA still were selling Propertys and at NO TIME did they tell puchasers

" Look before you buy we have to tell you the Hotel and Spa plus the Commercial Centre will be delayed and we cannot give you a time when it will be built and Finished could be 5 years or more "

If they had gave that statement back then the purchasers would have at least had a choice to go ahead or not but some people may say by not telling them the whole true situation it could be construed as a paramount to theft , Taking Clients money but not being  Honest about the Resorts future

They only have themselves to blame for the lack of info and the Large group of Madrid based  Rodda owners looking to take class action against them is only to be expected, Roda was a massive premium BUT people were willing to pay because of the said facilitys not the lack of them

Referring to Aggie's point about a global recession - Isn't it interesting that the likes of Calidona can offer the credit crunch and the recession as a plausible excuse for building the hotels and reneging on the facilities they promised on their resorts BUT they do not view it as a legitimate reason for people who want to exit their contracts having suffered severe financial setbacks as a result of the self same credit crunch/recession/market collapse not to mention their arguments about the lack of promised facilities.