TRG Property Sales

The Resort Group’s MELIÃ Dunas Beach Resort Signs Agreement with Leading Travel Brand

Exclusive Deal Boosts Return on Investment for Cape Verde Property Owners

Derby, UK, 23rd September 2014 – Respected property development brand The Resort Group Plc has today announced that it has signed a major deal with a world-leading global travel brand. This latest move sees the unnamed leisure group take a high percentage of pre-paid rooms at the MELIÃ Dunas Beach Resort & Spa on Sal Island, which opens on 1st November 2014.

This multi-million pound agreement secures exclusivity at the MELIÃ Dunas Beach Resort & Spa for the travel brand in the UK, Nordic countries and some of the German market. It incorporates a daily allocation of guaranteed rooms, and means that the travel brand can exclusively offer its millions of customers luxurious 5-star accommodation in Cape Verde.

The Resort Group, which developed the hotel resort in partnership with Meliá Hotels International, will retain ownership of the resort, and will be managed on its behalf via an operator agreement with Meliá, a world-renowned hotel brand. The financial strength and experience of The Resort Group, together with its industry-leading partners, makes MELIÃ Dunas Beach Resort & Spa perfectly positioned to maximise the investment potential that exists in Cape Verde.

“We have made excellent progress in the months leading up to the launch of MELIÃ Dunas Beach Resort & Spa,” said Rob Jarrett, Chairman of The Resort Group. “Securing a major agreement with one of the world’s largest travel brands is a clear demonstration of the strength of our offering on Sal Island, but it also highlights Cape Verde’s continuing growth in popularity with holidaymakers throughout Europe.

“Foreign investment in Cape Verde continues to grow, with over €1 billion invested every year, and there are a full range of development projects covering communications, utilities, transport and leisure underway to boost the islands’ infrastructure. With tourism booming on the islands, demand for high quality accommodation is far exceeding supply. This means all economic factors support strong capital growth, and everything is in place for MELIÃ Dunas Beach Resort & Spa to reach its full potential as a high quality property Investment.”

The current ‘on-island’ occupancy is often above 80%, which is one of the key factors in determining the level of return for property owners. Even using a more conservative occupancy figure, owners can still expect a good level of return and a significant yield. As well as outright property ownership, The Resort Group also offers fractional investment and pension funded purchases, making ownership of a Cape Verde property accessible to all.

Jarrett added: “We offer a range of payment options and routes to purchasing an overseas property, so you don’t need to be a wealthy investor to take advantage of the opportunity. Our fractional investments, for example, offer all of the benefits of property ownership but at a fraction of the full purchase price.”

Cape Verde, which is located off the coast of West Africa, is regarded as one of the world’s hottest property investment locations. A stable political structure, growing economy, vibrant and traditional culture and of course, pristine beaches and crystal clear waters, mean that tourism to the island is rising all the time, with a projected 1,000,000 visitors expected to the islands by 2015.

Finished to an exceptional high quality specification, MELIÃ Dunas Beach Resort & Spa caters for holidaymakers that want a luxurious, enriching and memorable experience. Visitors will be able to enjoy the many fine restaurants and bars, two poolside wet bars, courtesy and lounge areas, Yhi Spa and gymnasium, tennis courts and a variety of shops located on the palm tree-lined boulevard.

For more information on MELIÃ Dunas Beach Resort & Spa, visit the Dunas page.

Press Release