The court has approved Corendon’s offer. The total investment is 80 million dollar for the six properties, including lease land of 38.000 square meters, which will be developed for 12.2 million dollars, adding 450 rooms to the property.
A total of 800 rooms is what Corendon has in mind, to realize a five-star all-inclusive ultra resort constructed in two phases. Phase one will be the renovation of the existing buildings, which Corendon is hoping to finish end of 2019. Phase two contains the building of the new rooms, which they hope to finish at the end of 2020.
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