TRG Property Sales

A New Partnership With Invest Cabo Verde

Invest Cabo Verde Establish The Resort Group PLC’s Presence in Tenerife A founding principle that has been instrumental to The Resort Group PLC’s success as a World Class Developer since 2007, is The Group’s ability to forge strong relationships with strategic partners internationally to create, develop, market and operate our Resorts. Expanding our network further, this time with an established presence in Tenerife and Canaries, The Resort Group PLC are proud to announce a new partnership…

The Resort Group PLC Sponsor Rhode Island Celebrations for Cape Verdean Independence Day

The Resort Group PLC were proud to sponsor the 43rd Cape Verdean Independence Day Festival held at India Point Park, 840 Indian Pointe, Providence, Rhode Island on 8th July 2018. The oldest celebration of the Cape Verdean community in the United States, the festival has been a tradition in Rhode Island since 1976 and aims to preserve and celebrate Cape Verdean culture and heritage. Going from noon to dusk, the day is full of traditional…
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MELIÃ Tortuga Beach Resort enters The World Luxury Hotel Awards 2018

A promising start: MELIÃ Tortuga Beach Resort The first all-inclusive Resort developed by The Resort Group PLC on the then largely undiscovered Islands of Cape Verde, MELIÃ Tortuga Beach Resort has gone from strength to strength in the last seven years of operation. Opened in May 2011, with an impressive launch event that was attended by performing artists, celebrities, notable figures and dignitaries, the Resort has proven a key asset in The Group’s investment portfolio. …

Meliá Llana Beach Resort & Spa Welcomes Belgium Minister for Foreign Affairs

We were delighted to welcome the Deputy Prime Minister of Cape Verde and the Minister for Foreign Affairs of Belgium, Mr Didier Reynders, on a working visit to the Cape Verde islands earlier this month. Supported by the Mayor and Victor Fidalgo – Consultant to The Resort Group PLC – we welcomed Mr Reynder’s delegation ahead of a guided tour which took place on 4th April 2018. Mr Reynder’s party enjoyed the many luxurious…

ARC Ratings reaffirms “investment grade” status to The Resort Group PLC

ARC Ratings, S.A. (ARC Ratings) has re-affirmed the final public “BBB-” issuer medium and long-term rating, with a stable outlook, to The Resort Group PLC (“TRG”), based on the expected capacity of the Group to develop its activity, taking advantage of Cape Verde as a secure, political and socially stable emerging touristic market, and to generate funds with an increasing contribution from leisure and hospitality revenues.   The Resort Group Profile Established in Gibraltar…

Resort Life: Issue 14 and the 10-year special edition

Issue 14 of the much-anticipated Resort Life is now available to read. This issue even comes with a special edition of the magazine attached as we celebrate 10 years of The Resort Group PLC in 2017. Expect all the latest news, from our recent success at awards and our expansion into Europe to our White Sands updates and fundraising with The Cape Verde Foundation. Browse our special edition for all the 10-year highlights, taking…
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Happy Platinum Wedding Anniversary to Her Majesty Queen Elizabeth II and Prince Phillip Duke of Edinburgh

It is with great honour that we were invited to be involved with a commemorative book in celebration of Her Majesty Queen Elizabeth II and Prince Phillip Duke of Edinburgh’s 70th Wedding Anniversary. It follows many seminal achievements for the Group, including our feature in the exclusive The Queen at 90 publication, the Cape Verde medal awarded to Rob Jarrett for his work in developing the Islands and celebrating our own 10-year anniversary in…
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The Resort Group Financial Results 2016

The Resort Group PLC has reported transformational results for the year ended December 31st 2016 in its Hospitality division, with revenue rising by 69% to deliver divisional EBITDA of €8.6 million, up 211% on 2015. Overall, group revenue for 2016 was €136m and adjusted EBITDA, €32.8m. Development revenue from property sales is in line with expectations at €78.8m. Market valuations show a surplus to cost of €45 million for operating resorts at the year-end,…
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BBC apology to The Resort Group PLC related to the Panorama programme

The edition of BBC’s Panorama Programme, which aired 11th July 2016, made numerous false and unfounded allegations regarding The Resort Group PLC. These allegations were inaccurate and contained misleading information that resulted in an unbalanced and unfair portrayal of The Group. In addition, the presenter of Panorama, also made highly defamatory statements on the BBC Radio 4 Show, “You and Yours”, which previewed the Panorama programme on the 11th July 2016. The BBC…
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Llana Beach Hotel open on the shores of Sal Island

On Saturday 10th December, CEO of The Resort Group PLC, Rob Jarrett officially opened the 5-star luxury Llana Beach Hotels in the company of Cape Verdean Minister of Economy & Tourism Mr. José Gonçalves, the Mayor of Sal, representatives from Meliá Hotels International and selected guests. Mr Jarrett hosted a VIP Executive meal to start proceedings, in which he welcomed representatives from The Resort Group PLC such as Non-Executive Chairman Sir Peter Middleton, Non-Executive Directors…

The Resort Group PLC accorded Investment Grade rating by Arc Ratings

ARC Ratings S.A. a fully accredited European Commission Rating Agency accorded The Resort Group PLC (TRG) a corporate ‘BBB-’ rating due to The Groups strong business model, partnerships with international hotel brands and low leverage. The ratings come as The Resort Group PLC prepare for the December launch of MELIÃ Llana Beach Hotel and Sensimar Cabo Verde (TUI Group), which will increase The Group’s market share to 46.9% of the 5-star resort segment…
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Two New Hotel Developments in Cape Verde by 2020

The Resort Group PLC has signed agreements with Deutsche Hospitality to develop two new hotels in Cape Verde, which will become home to the Steigenberger Hotels and Resorts and Jaz at the Beach brands. Deutsche Hospitality is a world-renowned brand which brings together three separate hotel brands – Steigenberger Hotels and Resorts, Jaz in the City and Intercity Hotel. The Deutsche Hospitality brand encompasses a total of 116 hotels, 18 of which are at…
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The Resort Group PLC and Meliá Hotels International sign with Leading Travel Company

  The Resort Group PLC and their long-time hotel partners Meliá Hotels International have secured a major commercial agreement with a world-leading travel brand. The new move will see the unnamed company delivering nearly one million customers to The Resort Group PLC’s three Resorts on Sal Island in Cape Verde over the next three years. As part of the multi-million pound deal, the travel brand will take the large majority of rooms at MELIÃ…
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Investment Spotlight: World’s leading economies investing in Cape Verde

Many countries have taken a strong interest in Cape Verde, and China is potentially the best example. After years of investment and diplomatic relations, the 10-island country and huge nation see their work as mutually beneficial. During the Cape Verdean fight for independence, the Chinese nation stood by those campaigning for freedom, and it sparked the beginning of a beautiful friendship. Over time, there have been numerous investments to improve the infrastructure and facilities on…
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Luxury Hotel Group of the Year 2016

The Luxury Travel Awards is an annual determination of the foremost industry leaders in five-star international travel. Focusing on individual regions, the panel identifies the very best accommodation in the most sought-after locations for consideration. So, naturally, we were thrilled to hear that the Meliá Group has received the award for Luxury Hotel Group of the Year in Cape Verde from the Luxury Travel Awards. It’s a true honour to win this…
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The Resort Group opens Prague office

Furthering their international reach, The Resort Group have opened an office in Prague for the Czech branch of the Group. This week saw the official opening presentation of the new Czech office in Prague New Town, with a mixture of agents, clients, investors, business partners and guests in attendance – including the Consul of Cape Verde and the Ambassador of Portugal. The event also welcomed guests from Stadtquartier Vienna, Luxent, Traficon, Alexandria Real, the…
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The Resort Group to appear in The Queen’s 90th Birthday Celebration publication

2016 will mark The Queen’s 90th birthday, and The Resort Group has been selected to feature in the official commemorative publication. The album coincides with a fantastic line-up of events in May and we are honoured to be part of this historic celebration. While The Queen’s actual birthday is on 21st April and her official birthday is on a Saturday in June, The Queen’s 90th Birthday Celebration will take place from 12th to 15th May…
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