British group Assetz plans to build tourist resort in Cape Verde

29 June 2011

London, United Kingdom, 29 June – British group Assetz is finalising a tourism development project worth 450 million euros and with 2,200 rooms on the Cape Verdean island of Boa Vista, called Santa Mónica Beach Resort & Spa, according to Overseas Property Professional (OPP) magazine.

Speaking to the magazine, the chief executive of the Assetz group, Stuart Law, said that the 457-room hotel included in the project would be managed by the Wyndham Hotel Group, which is responsible for around 7,200 hotels and more than 600,000 rooms in 65 countries.

The project’s promoter, Island Resorts, has already started selecting agents and prices for the one- and two-bedroom apartments costing between 99,000 and 300,000 euros, three- and four-bedroom apartments costing between 300,000 and 600,000 euros, and five-bedroom apartments costing between 600,000 and 1.5 million euros.

The chief executive of Assetz said that the first phase of the project would be finished at the end of 2012 and added that more than 20 percent of this phase had been sold to investors. (macauhub)