Eco Estrela

Category
Luxury hospitality
Location
Brasil, Baía Formosa
Website

Gremi, through its international holding structure is planning the development of a luxury ecological tourist resort on its fully owned beach front property in Baía Formosa (north-eastern Brazil, in the state of Rio Grande do Norte). The project site covers an area of about 2,571 ha including approximately 6.5 km of coastline. The site benefits from good accessibility by car both from Natal and Joao Pessoa airports.

The project will be implemented using a phased development approach. The project has a masterplan (prepared by EDSA) that allows up to 2,641 units to be built. Most importantly, Gremi Group holds the final Installation License allowing to start construction, issued on December 27, 2018 by Environmental Agency of the state of Rio Grande do Norte.

In January 2019, Founder of Gremi International, Chief Investment Officer at Gremi and General Manager initiated the establishment of RAIF (Reserved Alternative Investment Fund) in Luxembourg. This structure is the optimum investment vehicle for the Eco Estrela project as it will simplify and accelerate the development of the project. RAIF gives investors security as it is managed by an authorised AIFM. At the same time RAIF will help project gain more visibility as it benefits from the European passport granted by the AIFM Directive for marketing to professional investors in the EU.

Impressions

Planning

Time Planning

The project is planned to be commercialized in 2020. Conceptual works are supported by Six Senses, EDSA, PKF Hotel Experts, GT Law Firm, Ernst & Young and many other firms and institutions. The project was introduced to the public for the first time at MIPIM 2016 gaining positive feedback from the market.

The first stage is being developed together with Six Senses Hotels and Resorts and it consists of two beach resorts (a total of 127 units) and 58 branded villas.

Support

Gremi International SARL has presented to the Government and Mr. Robinson Faria, the Governor of the state Rio Grande do Norte, the Eco Estrela Project assumptions and the current status of implementation. The total value of investment of about 1.5 billion dollars and the creation of approximately 400 direct and 4000 indirect jobs guarantee a strong support of the Rio Grande do Norte state government for the implementation of the Eco Estrela project. The Government of Rio Grande do Norte The Government of Rio Grande do Norte has best expressed its pride in the Eco Estrela Project launching the promotional movie (see below).

Promotional movie made by the Government of RN

Promotional movie of the project

Contact

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More information and full project dossier available at:

 

On the 13th of February, 2019 IHG (InterContinental Hotels Group) 
announced the acquisition of Six Senses Hotels Resorts and Spas
.

InterContinental

On the 13th of February, 2019 IHG (InterContinental Hotels Group) announced the acquisition of Six Senses Hotels Resorts and Spas.

Read more