English
FrançaisA beautiful chateau just north of Paris now selling leaseback units. I am
interested in this development but note that many leaseback properties
have problems with developers and managers. The selling info does not
have any info related to the financial capacity of t he developer/manager. I
have not done this before and would appreciate any info or advise you can
provide. thanks, AlM
Don't touch it with a bargepole!
See this article dated 20 January 2009 http://www.leparisien.fr/bienville-60280/le-chateau-du-franc port-ne-sera-pas-un-hotel-de-luxe-20-01-2009-379864.php
In case you don't read French, the local mayor tells how the gates are firmly shut, the telephone lines 'temporarily out of order', the bookings website is put on ice and the managers can't be contacted. In addition, the number of staff has dwindled from around 10 to 3.
All this indicates that they are already in serious financial difficulty.
Apparently the people behind the hotel are a group of British investors.
Don't be seduced by the prospect of owning a portion of a glamorous French chateau. Stay there as a guest if it ever gets off the ground - it will certainly be cheaper in the long run.
Regards
Sheridan
Thanks for the info sheridan and mccos!!!!! Will act accordingly ! Glad I
posted on this site!Best regards and thanks again!!!