Enviably located in the old port area of Larnaca, this revolutionary development occupies pride of place in this most happening spot on the island and within proximity to some of the best that this historic city has to offer. Prestige Blue Flag beaches, fine dining restaurants, and cafes, designer boutiques, health clubs, Supermarkets.
TOTAL CONSTRUCTION AREA: 23.684m2
DISTRIBUTION OF GUESTROOMS: 5th to 15th floor in two main towers. Sea view – all guestrooms
CONFERENCE AREA’S: Mezzanine and 16th floor
GYM & WET AREAS: 6th Floor. Extensive leisure facilities with outdoor Pool
SHOPPING ARCADE: 16 Shopping and 3 F&B units – Spa & Wellness center – Office leasing area – Meeting rooms
PARKING: 230 Covered parking lots, 30 uncovered/outside parking, e-charging stations, bike station
SKY BAR: 16th Floor
POOL BAR- LOBBY BAR- RESTAURANT: 5th Floor
HALL: 6th Floor for 300 Persons – Meeting rooms & Offices in Mezzanine
Shareholding Foll0wing Investment in Radisson Blu
Investment amount in Preference Convertible Shares – €2,000,000.00
No of Convertible Shares at acquisition date – 8,000
At conversion date (being June 30th 2020)
No of Convertible Shares at conversion – Share Type A – 8,000
No of Convertible Shares at conversion – Share Type B – 24,000
Shareholding % in Terms of Control – 2.29%
Shareholding % in Terms of Profit – 2.56%
Return on Investment
(1) Before conversion, the investor will have the right to receive annual cumulative dividends of 3%
2. After the conversion, the investor will receive dividend pay-outs.
(2) After the conversion date, the investor will receive dividend pay-outs based on the profitability of the project
which is expected to be no less than 6% per year.