PROJECT PROMOTED IN COOPERATION WITH BUENA VISTA HOSPITALITY GROUP
Fortune Health & Wellness Resort is a project of Fortune Health Resorts Ltd.
Fortune Health Resorts Ltd is the sole owner of about 1,800,000 sq.m. of land in the semi mountainous area of Vasa Kellakiou, on which the Company shall construct, in phases, an integrated healthcare, wellness and senior citizen’s care complex. The first phase of this complex is the Fortune Health & Wellness Resort on a land of 236,850 sq.m.
Fortune Health Resorts Ltd is currently looking for investors to invest €22m in the equity of the Special Purpose Company that shall own and run Fortune Health & Wellness Resort. The Company offers very attractive terms, including a shareholders’ agreement, ensuring to the new investors seats on the Board, as well as requiring their agreement for major decisions.
The Company is optimistic that the debt financing of €33m, required to complete the Resort, as per the Feasibility Study prepared by LIBOR, could be secured from the European Investment Bank, as the project satisfies the criteria of the European Fund for Strategic Investments (EFSI) (Juncker Plan).