Barcelona World begins to take shape this fall

Tarragona, Salou, La Pineda Playa. Costa Dorada. 30 May 2013.

Barcelona World, the resort macro Veremonte the company plans to build on the terms of Salou and La Pineda Beach (Vilaseca), will begin to take shape this fall, as announced today by the project promoters. Veremonte has joined Meliá companies, Value Retail and Melco, who will participate in the development of the first of the six resorts with a combined investment of 1,000 million dollars (760 million euros).

Veremonte partners in Barcelona World are the Meliá hotel group, company with 350 hotels in 35 different countries, Value Retail, a company that promotes macro outlets, including Las Rozas, Madrid, and La Roca Village, in The Roca del Vallés (Barcelona) and Melco, a company that manages several casinos in Macau and is the responsibility of the mogul Sheldon Adelson, Eurovegas complex promoter, which screened in Madrid.

According to Xavier Adserà has detailed, Veremonte CEO, the first of the six resorts that Barcelona World rise in Salou and La Pineda Beach will feature a 1,100-room hotel, which could be extended to 3000, during construction will generate about 5,000 jobs work and is expected to be achieved within a period of two years from the time of start of construction. In addition, the resort will include 900 apartments with hotel services not start building until they are sold. Once the sale of these apartments, according Adserà, the project will develop a level of debt which has been estimated at around 25%, which he himself described as very low. Furthermore, promoters are waiting to the Catalan government make the necessary changes in legislation to allow gambling in the resorts provided at the resort. As for the law of snuff, developers have ensured that any changes have not asked the Catalan government on the current legislation.

Finally, Xavier Adserà explained that the type of client that plans to capture Barcelona World tourism is mostly generated by emerging economies, including China, Russia, India or Brazil. For the rest of the Barcelona World resorts, Adserà has said it will be released to the operators that develop to the extent that will be closing new partnerships and to obtain the necessary financing.

The presentation of the first resort, which has raised much expectation, has been made in the Chamber of Commerce of Tarragona and has enjoyed the presence of the Minister of Economy of the Catalan government, Andreu Mas Colell, with Enrique Bañuelos, President of Veremonte and that of the presidents of Meliá, Gabriel Escarrer, Melco, Frank Tsui and Value Retail, Brian Garrison, along with the mayors of Salou, Pere Granados, La Pineda beach Vilaseca, Josep Poblet, the mayor of Tarragona, Josep Fèlix Ballesteros and the president of the Chamber of Commerce of Tarragona, Albert Abelló.

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