|By PR Newswire||
|December 17, 2013 05:00 AM EST||
LONDON, Dec. 17, 2013 /PRNewswire-iReach/ -- Gordon Atlantic Development Corporation with the assistance of UK based Goan Dream identifies Morjim, Goa as the resort site for Tower & Crown's new proposed luxury hotel property. The luxury hotel property will premiere as a 265-room, 15-suite facility with capacity to host up to 250 delegates on 18 acres of beachfront property on the Arabian sea in the emerging North Goa luxury market. The facility is 51 KM to the North of the Goa International Airport – Vasco da Gama (Dabolim, Goa). Gordon Atlantic expects to announce the facility as a Starwood luxury product. Gordon Atlantic has invited Hyderabad, India-based Lakhani & Jordan Engineers & Architects Pvt. Ltd., a subsidiary of New York City based Lakhani & Jordan Engineers, PC to join and oversee the Project Management Office (PMO) in order to reduce implementation risk within India.
Why Morjim, Goa?
According to HVS data, demand in India has only dropped once over 18 years in 2008 due to thecollapse of Lehman Brothers and terrorist attacks in Mumbai. Since then the Compound Annual Growth Rate has exceeded 17 % over the last five years. Demand has increased for almost any property in India by 17 % each year. During even fluctuant times in the Indian economy, demand grew nine per cent over the last 12 months.
"Despite the volatility of the Rupee, Goa still provides one of the best 5-star destination values globally, with the most luxurious facilities comparing to 3-star standards in New York, London, Paris, and St. Petersburg. Naturally, pricing is even more competitive in the global market place," said Gordon Atlantic CEO Dr. William Hyatt Gordon, LEED-AP BD+C. "Additionally, Indians of means are choosing to travel domestically due to the same Rupee phenomenon and this has opened both the domestic wedding and business summit markets. India has the10th largest economy in the world with a 2012 GDP of approximately UK1.1T/US$1.8T, approximately six percent of India's GDP is focused on the tourism industry. Convenience and safety are key factors in attracting visitors from North America, the European Union and APEC nations including Canada and the United States. The United States and the United Kingdom remain the number one and two visitor nations, respectively, to India. Gordon Atlantic is satisfied that regional security agencies in Goa are dedicated to fostering a safe five-star destination for all visitors, and especially women visitors. Gordon Atlantic is excited about the new market opportunities that North Goa, and Morjim provide."
"Gordon Atlantic was able to work through its Hong Kong-New York-London network to identify a fantastic site in Goa, India – provide us with solid market Indian market data, design & construction support, and a project finance strategy to help Tower & Crown launch its first luxury product on the Arabian Sea" said Tower & Crown Director Tony Caplin.
"A colleague of mine, Jason B. Murphy of Indie Consulting Hong Kong introduced me to Gordon Atlantic when I was looking for a new development opportunity. Although, Gordon Atlantic is able to pull in it's New York, and London offices to help move forward global economic development projects – the whole time, I felt right at home. William Hyatt Gordon helped me identify Goa for Tower & Crown's first luxury project. I am very proud of the endeavour, and look forward to the successful completion of the project" said Tower & Crown President Philip Chu.
Tower & Crown's proposed luxury product shares Morjim Beach, a nesting and hatching habitat with Olive Ridley sea turtles, an endangered species. They are afforded the highest degree of protection under Indian law through their inclusion in Schedule I of the Wildlife Protection Act of 1972. Poaching eggs or in any manner disturbing the turtles or their habitat is an offence punishable under Indian law. Gordon Atlantic plans to develop an environmentally enhancing beach for these delicate creatures through careful landscape and beach planning designs and policies. The sea turtle will be a prominent feature of the facility's culture.
About Gordon Atlantic Development Corporation
Gordon Atlantic Development Corporation operates as a Single Family Office – Economic Development Fund (SFO-EDF) that pursues innovative real estate and media based economic development projects in Angola, Australia, Bahamas, Chile, China, Finland, France, Germany, Hong Kong, Ireland, India, Nicaragua, Puerto Rico, Russia, South Korea, Spain, Switzerland, the United Kingdom, and the United States. Additionally, the firm provides economic development private client consultancy for job producing real estate-based projects worldwide.
About Tower and Crown, Limited
Tower & Crown, Limited is a London, England – based company that pursues medical and hospitality development throughout the APEC and European Union regions.
About Goan Dream, Limited
Goan Dream is United Kingdom – based estate agency specialising in Goan real estate with the ability to service all aspects of estate requirements for both domestic and foreign interests.
Media Contact: Jessica Johnson, Gordon Atlantic, 9172837003, firstname.lastname@example.org
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SOURCE Gordon Atlantic Development Corporation