The Directors of Calidona and De Vere Hotels have reached an agreement to delay until 31st December 2009 the decision  of commencement works to construct the hotel at Roda Golf & Beach Resort which is to be managed by De Vere

The delays by the administrative authorities  in  granting  licence  authorisations  have prevented the commencement of works until this time when we find ourselves in the context of International economic & financial  uncertainty  which  creates  problems  for  any decisions of investment and in particular the difficulty of  securing  financing  not only within Spain but in every surrounding country.

In this sentiment both parties understand that to guarantee the future success of the hotel it is necessary to wait until a degree of normality  returns to the general situation of the market and then go ahead firmly with the project and the  intention of maintaining the excellent relations that exist between both parties and with the mutual conviction that this strategic alliance will deliver strong medium term satisfaction and demonstrate further commitment to the distinct resorts of Calidona within Spain.

To demonstrate the excellent collaboration between both parties we are pleased to communicate that Calidona Rentals and Services and De Vere are currently working to reach an agreement for clients of De Vere to enjoy holidays at Roda Golf & Beach Resort via residential golf and apartment rental packages.

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