Sales at Cap St Georges Hotel & Resort and SOHO resor continue uninterrupted The company's comparative advantage in the real estate market is the very strong foundations it has created over the years
The last two years have been a period of challenge, both with the earthquake caused by the Pandemic in the economy but at the same time with the abolition of the Cyprus Investment Program which drastically affected the construction industry in Cyprus.
KORANTINA HOMES has created a very solid foundation all these years and has developed a competitive advantage in the real estate market due to the diversified product offered by the company. Precisely because of this product, the luxury resorts it offers in the market, it has managed to attract the buying interest of elite customers and internationally renowned Jet Seters, a clientele that accounts for over 90% of our company's sales.
The pandemic, but also what economic crisis, does not significantly affect this category of High Net Individuals who are constantly looking for housing in resorts that always have an upward value. Examples are the Cap St Georges Hotel & Resort and the SOHO resort, which even in these difficult times their sales continue normally.
Of course, during this period of the Pandemic, the flexibility and adaptability of the company directly to the new data also played an important role, since we sought solutions in technology and with the production of visual material we took Cyprus to our investors instead of them coming to us. With the help of technology we have quickly and decisively changed the way we promote ourselves, giving more emphasis to digital promotion platforms, online meetings, digital tours of our projects, keeping the interest of investors alive.
We believe that our timing will succeed as we move forward rapidly with the completion of the international award-winning Cap St Georges Hotel & Resort which is a seaside residential resort, the largest in Cyprus and one of the largest in the Mediterranean and which is also the flagship of Korantina Homes .
The project consists of 200 luxury villas and offers comprehensive hospitality services to buyers of its luxury developments such as luxury club house with restaurant and bar, spa, gym, garden and pool care services, limousine services, babysitting, sports fields, playgrounds, horse riding, water sports, cycling and of course 24 hour security service. Within the Cap St Georges Hotel & Resort, the construction of the Cap St Georges Hotel, a five-star hotel unit located near the sea and right next to the Resort Square, will soon be completed. This unit will be a reference point in the hotel industry of the country, as it addresses very high tourism requirements in terms of design, functionality and of course luxury. It will consist of 206 suites, all with unobstructed sea views and also offers various services and facilities, such as football and tennis academies, waterpark, Olympic size swimming pool, large squares which will have shops and restaurants and hospitality, as well as a one of the largest wellness centers in Cyprus. With the official opening of the hotel unit, which is expected in 2022, the Cap St Georges Hotel & Resort is officially completed.
At the same time, the construction works for the construction of SOHO Resort, which consists of luxurious villas and two towers of 15 and 16 floors, the tallest buildings in Paphos, are continuing at a rapid pace.
We have already decided and proceeded with the conversion of one of the two towers into a luxury hotel. This project follows the same concept where it offers high quality services to the owners such as private security, club house with concierge services, spa, gym, business center and much more
Another grand project in the coastal area of Paphos is also in the planning. This is a project that will impress for its concept and will be a point of reference.
