This is no surprise to us that the rental income was not going to be paid out this year either butmany owners have been waiting, hoping and most importantly in need of this rental income. Theresorts are fully occupied and obviously have been generating income. In Tenerife only in 2022,there were a staggering 5,8 million …
The Nordic consulting canary islands clients have recently been contacted by Excel hotels and resorts in Tenerife to pay them a yearly maintenance fees for timeshare contract the client do not have anymore. Timeshare club members in resorts managed by Excel Hotels and Resorts SL are being told they need to pay maintenance fees related …
In response to the communication sent by EXCEL HOTELS & RESORTS to owners in Beverly Hills Club, we would like to inform owners of the following: Regarding the Extraordinary General Meeting 1) DEMALI PROPERTIES AND INVESTMENTS S.L. is one of the owners of apartments in the Beverly Hills Complex, who is not acting in isolation …
Read more “Response to “Urgent Notice” regarding EGM in Beverly Hills Club”
Your next payment could be due this month If you have a rental contract with Excel Hotels and Resorts S.A. then you are likely to be contractually due the payment of rental income from 2021. As most of you are aware Excel were renting out the apartments throughout 2021. The deadline for the payment to …
Read more “Payments due on Beverly Hills Club rental contracts this month”
In a brief, one-way zoom “meeting”, Cristobal Villalobos, director of Excel Hotels and Resorts gave owners the bad news. He told them they would not be receiving any net income for 2019 and 2020. The owners are furious. The business had a fantastic year in 2019 – the hotel occupancy was high and the money …
Read more “Beverly Hills Club – Another excuse for not paying owners in 2019 and 2020”
The courts of Arona nr 5 have again ordered Excel Hotels & Resorts SA to returnpossession of apartment C205 in hotel Beverly Hills Club, Los Cristianos, to theowners. The hotel management company does not own the apartments, butleases them, typically from private individuals.In the latest court sentences issued on the 3rd of April in 2023, …
To date The Nordic Consulting has helped sell 65 apartments in the Los Cristianos holiday complex – far more than any other real estate company. Thirteen of these sales have been in the first five months of this year. The Tenerife property market continues to be strong, although of course we anticipate a quieter early …
Read more “Beverly Hills Club apartments selling strongly despite higher taxes”
A great legal victory has been achieved this last week by apartment owners in Beverly Hills Club. Arona Court number 4 has confirmed that in its view the president of the community is currently not Excel Hotels and Resorts SA (“Excel”), but rather one for the private owners, as voted for by a majority of …
Read more “Finally judge confirms new president for Beverly Hills The Suites”