Traditional wisdom in Real Estate identifies the three most important things are; location, location and location.
Saveene believes there is an additional tenet that can add power to that equation. Build once, sell many times!
Saveene will be pursuing real estate investments in existing multi-unit properties that have the potential to be converted into time share resorts.
The business model is based on identifying underperforming properties in strong tourist destinations, refurbishing them, and reselling them as time-share resorts. Specifically, we intend to identify distressed properties in areas with superior tourism potential and, in conjunction with local partners, rebuild, refurbish and operate the properties as timeshare.
We have identified four key regions which we believe hold great opportunities in terms of properties that fit with the business model, have strong tourism potential, and favourable construction costs.