Polaris World Changing Startegy ?

who knows what this could mean but I think we need some answers from PW - maybe one of the Presidents' can take this up

http://www.spanishpropertyinsight.com/buff/2009/06/polaris-world-talking-to-bank-creditors-changing-strategy/

"The Spanish business daily Cinco Días reports that the company’s creditors may take control of the majority of Polaris World residential complexes, leaving Polaris World with its apartment and hotel businesses. On the other hand, La Verdad reports that none of the company’s resorts are on the negotiating table, just some of its properties and its land bank."

If creditors do indeed take control of the resorts we need to know what that might mean for future development.

So are the resorts on the table or not ?

Probably going for land sale first then maybe a company or companies to take over the private and/or retail parts of the resorts whilst they keep their Hotels and golf- this article only talks about PW having 200 apartments and 500 rooms so thats just the ones they keep for their holiday rental business. I read that the new hotel on La Torre cost them 90 million euro's to build.