Focusing on new Kameha 5-star luxury hotel investors as also the preferences of investors the fund company cosmopolitan estates Mallorca “took a realignment of their investment focus.The Fund financed from now only the construction of new Kameha Bay located Portal Hotels.Das 5-star luxury hotel in a posh residential area on a picturesque Bay with private access to the sea, not far from the city centre of Palma, and close to the Marina of Puerto portals. On 12 floors, the hotel offers 44 suites between 57 and 220 m. Obtained both due to its excellent design and facilities as also the incomparable location the hotel as a single House on Mallorca the coveted inclusion in the circle of the leading hotels of the world “. The hotel for 20 years by the renowned company lifestyle hospitality & entertainment (LH & E) is hired Management AG and operated from its opening scheduled for 2012. First LH & E-run hotel, which has since its opening early 2010 worldwide Kameha Grand Bonn, find great recognition. The design and decor has designed wanders Marcel, portal has taken over this task for the Kameha Bay.
“That was in the last year as hotel of the year 2011 Kameha Grand Bonn” award designed by LH & asked Manager Carsten Rath as hotelier of the year “award and Cannes was the so-called Hotel Oscar”. The total volume of the newly created cosmopolitan estates Mallorca amounted to 10.8 million now EUR, investors can participate from a drawing sum of EUR 25,000. A separate premium is not applicable. The Fund is sufficient the investor money as typical collateralised loans on two Spanish property companies that realize the construction of the hotel. Project development total volume amounts to EUR 29 million, this cosmopolitan estates equity contributes along with the capital provided by German investors and bank financing the project developer 7.5 million amounting to EUR. This capital of the project developer will be subordinated in relation the German Fund subscribers served.
Duration of Fund based on approximately 24 months the artist receives a projected total return funds amounting to almost 122% its participation, an annual after tax return of 7.25% results in themselves, as are subject to the capital gains of only the comparatively favourable withholding tax of 25% and 5.5% solidarity surcharge. With the repositioning of the fund company, we carry the frequently expressed wishes of investors after a concentration on an absolute premium hotel property in connection with a highly attractive, short accounting of period of capital commitment. For the project already concrete and very promising sales negotiations, so we assume by a rapid flow of capital back to our artist”, sums up United’s Managing Director Hauke Bruhn. For more information,