quote:
Originally posted by janed:
Regarding Saidia, we feel that it was very expensive & will have to bring in twice as much rent to cover our costs. .
Im buying Saidia.
You are correct in saying more rent will be required to make it pay but I think Saidia will rent a lot better than other resorts.
This is especially the case off - season.
3 golf courses, Olympic standard sports facilities, 2 large western supermarkets (not mini marts), 60 shops including many designer names, cinemas, bowling, polo, aqua centre, wellness centre, small HOSPITAL (important for families), helipads, 20 restaurants, lots of bars including big named international bars such as 'Budha Bars'.
Also 8 large hotels including some big names (Barcelo hotels) works for owners on 2 fronts;
1) the thousands of guests are exposed to the rental property and will choose to use it for future stays.
2)the marketing machinery associated with the hotels means Saidia gets good exposure 365 days per year. In today's mass media / message bombarded society, maximum exposure is a definite plus.
Saidia is also less weather dependant. People will choose to stay in facility laden resorts even when the weather cant be depended upon.
On a slightly depressing note, one must consider security. Terrorists are highly likely to target Morocco just as they haVE Turkey, Bali and Egypt. Saidia is a large secure enviroment and some of the actual developments (LJDF)within it are separately enclosed.
Security is therefore another plus for Sadia.
Im not knocking the other developments, just putting my opinion as to why I felt it worth spending 40% more.