Eden Roc at Cap Cana, Punta Cana, Dominican Republic
Jan 23, 2015, 12:41 pm
#5
FlyerTalk Evangelist
Join Date: Jun 2006
Location: IAD/DCA
Posts: 31,797
not sure when owner's next financial release will be - Q3 >
http://announce.ft.com/Detail/?DocKe...G9VR7A7NOO2CF0
4 December 2014
Playa Grande Club & Reserve ("Playa Grande" - www.playagrande.com)
The construction of the Aman Hotel continues on schedule with opening anticipated in Autumn 2015. The service buildings have been completed whilst the main lodge and pavilions are c. 60% complete. The designs for the beach club / kids' club and golf clubhouse / spa / fitness are nearing completion, with commencement of construction anticipated in the first quarter of 2015.
As previously announced on 12 November 2014, DCA Holdings Six Ltd (the Company's subsidiary, holding the Group's shareholding in Playa Grande) closed a $30.5 million mezzanine debt investment with Melody Business Finance. This funding enables Dolphin to accelerate the completion of all complementary leisure facilities to the Aman Hotel (including the Aman beach club, golf clubhouse, spa, gym, tennis, kids' club, hiking and equestrian trails), and to cover all general project overhead costs and debt service until the project becomes cashflow positive without relying on further pre-sales.
Playa Grande Club & Reserve ("Playa Grande" - www.playagrande.com)
The construction of the Aman Hotel continues on schedule with opening anticipated in Autumn 2015. The service buildings have been completed whilst the main lodge and pavilions are c. 60% complete. The designs for the beach club / kids' club and golf clubhouse / spa / fitness are nearing completion, with commencement of construction anticipated in the first quarter of 2015.
As previously announced on 12 November 2014, DCA Holdings Six Ltd (the Company's subsidiary, holding the Group's shareholding in Playa Grande) closed a $30.5 million mezzanine debt investment with Melody Business Finance. This funding enables Dolphin to accelerate the completion of all complementary leisure facilities to the Aman Hotel (including the Aman beach club, golf clubhouse, spa, gym, tennis, kids' club, hiking and equestrian trails), and to cover all general project overhead costs and debt service until the project becomes cashflow positive without relying on further pre-sales.
Last edited by Kagehitokiri; Jan 23, 2015 at 12:49 pm