Lebanon Takes The Bull By The Horns In New Wild West Hotel Project While Country Real Estate Projects Surge
April 23, 2010 by Perspective Magazine | Timeshare & Fractional ReviewsInvestors Subscribe to Purchase Equity in Lebanon Premier Western Ranch and Resort
An innovative resort venture which promises authentic western log cabins, horses and a Dallas Style Mud Wrestling ring complete with mechanical bulls and horses opens up share offering to private investors to own equity in a 65 unit resort in the mountains of Lebanon.
Few countries in the world today can boast a 30% increase in tourism and real estate values other than Lebanon.
The Ministry of Tourism has declared a surge in demand for hotel rooms, with number like 20,000 additional rooms could be added in the next five years.
Brand hotels such as Movenpick, Four Seasons, Intercontinental have all planted their roots firmly in the the Playground of the Middle East, and building is brisk and the market is dynamic.
However, one new development, under planning stages seems to stand out among the new projects planned for tourism and real estate development outside the capital, Beirut.
Dukesville as it is called, is a real American style western ranch, complete with horses and real Dallas Texas style modern saloon, with mechanical bulls, mud wrestling, line dancing, muscle cars, and the first drag racing track in the country.
The project is the brainchild a Chekri Helou, a native Lebanese who was inspired by the old wild western traditions during his living experiences in the USA.
Mr. Helou is no stranger to the Western Ranch business. He was one of the founders of another venue in Lebanon 3 years before, leaving that successful enterprise to complete his vision of a full hotel and ranch community in a more popular location.
Authentic Resort Entertainment, SAL will develop 65 units in the hills of Lebanon on a 42,000 metre parcel that enjoys views that tourists would die for, says Bassim Matta, Chairman of the Group.
The company has undertaken an agreement with an international hotel management company to operate the hotel aspect, and is in the process of accepting subscriptions from the public sector to allow individuals to become partners in this unique log cabin hotel resort.
Individuals may apply for cabin partnership and receive the lions share of the revenue, while also enjoying usage benefits annually. We predict on a worst case scenario the return on investment will be between 18% to 24% annually, says Matta.
Lebanon has proven it is resilient to geo political tension, and has always bounced back from what others may perceive as doom, but what the Lebanese have become to accept as everyday life in one of the most panoramic country sceneries in the world.
Situated 20 minutes from world class ski slopes and 20 minutes from spectacular beaches, Dukesville in Ajaltoun will attract 80 percent of its market share from the local market. Our clients love their children, but also demand the bet of entertainment when it comes to their own precious leisure time.
Our purpose built Western Star Saloon will knock the boots off of anyone who dares to try to sit quietly during one of our stunning shows. We are able to accommodate 150 persons in our boutique western style resort accommodation, and 300 persons per night in our restaurant ,saloon entertainment center.
We have appointed World Class Group, leaders in leisure resort consulting to guide the resort through the stages of hospitality development and investment products, including a form of shared ownership through condo hotel licensing.
According to Michael J. Tolan, CEO of World Class Group,” the project will meet its 10,000,000 required capitalization through small and medium investors who will benefit from the spectacular attractions that will drive traffic to this theme park resort.”
“Phase one of the project will open in 2010, and the resort completion, including a full amenity package which promises many surprises to the market, will finalize in 2011.
“Investors may participate in the ownership of the resort for as little as 18,000 usd.”
For Further Information, contact Michael J. Tolan, CEO, World Class Group on mjt@worldclass-uae.com
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