Press Announces Advanced PAL™ Negotiations in Morocco

Medias24, a reputed business and finance media outlet in Morocco, has reported on Crystal Lagoons expansion in the region, announcing that the multinational innovation firm is currently in advanced negotiations in the country. The following is an extract from the interview with Francisco Matte, Regional Director for Crystal Lagoons.

Has Crystal Lagoons previously built man-made lagoons in Morocco?

Crystal Lagoons is in advanced conversations with investment funds, family offices and large real estate developers to finalize a master agreement to develop the new Crystal Lagoons® revolution, the Public Access Lagoons™ projects, also known as PAL™.

Master agreements involve a relevant number of PAL for different geographical territories. In Morocco, cities such as Marrakech, Casablanca, Rabat, Tangier, Fez and Saidia are some of the locations that we have identified where these projects could be developed.

Public Access Lagoons projects are the new corporate development by Crystal Lagoons that, after revolutionizing the real estate sector for 10 years, is now revolutionizing cities with PAL projects.

These are monumental crystalline lagoons suitable for swimming and water sports, surrounded by beaches, which can be accessed via ticketed-entry. Additionally, thanks to a new technology created by Crystal Lagoons, the bathing areas are maintained at 28°C, at a low cost and in a sustainable way, offering optimal conditions throughout the year, similar to tropical seas. This ensures the lagoons can be used for longer periods of time.

Also, as these projects are built, they generate a financial pyramid. With a low initial investment, a company can achieve a very high present value.

Additionally, we are negotiating various master agreements for PAL projects, in Botswana, South Africa, Ghana, Kenya, Nigeria, Angola and Egypt.

Where does Crystal Lagoons currently have projects in Africa?

In Africa, Crystal Lagoons totals 29 real estate projects anchored by crystalline lagoons. This includes projects in different stages of development.

The most important market is Egypt, with 22 projects in different stages. In fact, the largest crystalline lagoon in the world (12.5 hectares) is in the Egyptian resort of Sharm El Sheikh. Swan Lake North Coast 2 was recently inaugurated and in the coming months Bo Island, Fouka Bay, Azha and Porto Golf.

The second most important market is South Africa. There the partnership with real estate developers, Balwin Properties, has been one of the most fruitful business alliances in the country with five real estate projects in different stages. The most recent is Munyaka, an ultra-luxurious complex, close to Johannesburg, has been praised by the President of the Republic for its infrastructure and urban contribution. Renowned for its commercial performance, with 555 units sold at the launch of the project. The same trend has been registered in other real estate developments anchored by lagoons by Crystal Lagoons, including The Blyde in Pretoria, with record daily sales benefiting Balwin Properties’ global results.

Medias24.com

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The recent inauguration of Crystal Lagoons project in the United States, Evermore Orlando Resort, featuring its impressive 8-acre crystalline lagoon and extensive beaches, steps from Disney World and Universal, has captured the attention of the global press. Nearly 500 media outlets from various countries, including Yahoo!, Associated Press, NBC, Fox, ABC, CBS, Washington Daily News, Finanzen y Benzinga, have covered the news, emphasizing the significance of this tourism milestone.

Numerous articles have highlighted this iconic development, considered one of Florida’s most significant tourism projects. It is located in the heart of Orlando, the most visited destination in the US, with 75 million tourists annually. With over 10,000 rooms surrounding the lagoon powered by Crystal Lagoons® technology, this amenity marks a before and after for the city, which lacked a beach despite its comprehensive entertainment options. Crystal Lagoons solves this problem by introducing a monumental body of water that brings idyllic beach life, redefining hotel standards, and consolidating its presence in the hospitality and entertainment industry.

Surrounding the crystalline lagoon is Orlando’s first Conrad hotel, a luxury brand of the Hilton chain, as well as various homes, villas, and apartments. In addition, there is an 18-hole golf course designed by Jack Nicklaus, one of the greatest golfers in history.

“Every hotel project incorporating a Crystal Lagoons® amenity becomes the most attractive destination in the area. Conrad, one of the world’s leading hotel chains, understood this and decided to make a qualitative leap concerning the existing offer in the most touristic area of the U.S.,” said Iván Manzur, Senior Vice President of Sales of Crystal Lagoons US Corp.

Costa Rica is a globally recognized sustainable tourist destination with 1,300 kilometers of coastline and over 600 beaches. In this iconic location it is moving forward the first crystalline lagoon in Central America with Crystal Lagoons® technology. With 6 acres of turquoise waters suitable for swimming and water sports, surrounded by white sandy beaches, this amenity is the central piece of the NYA megaproject.

Developed under the Public Access Lagoons™ model, also known as PAL™ complexes, it was highlighted in a recent article in Revista Summa for its social impact and boost to tourism in the area and the country’s economic growth. John Scheman, president and founder of Nya, said: “We are happy and proud to bring Crystal Lagoons® innovative technology to Costa Rica, marking a before and after in the development of recreational spaces for both tourists and residents. With this crystalline lagoon, we are redefining the concept of beach life and providing a unique experience in our project.

Developed under the Public Access Lagoons™ model, also known as PAL™ complexes, it was highlighted in a recent article in Revista Summa for its social impact, boosting tourism in the area, and contributing to the country’s economic growth.

Nya is a development targeted towards retirees from the United States and high-net-worth Costa Ricans. It is located in the Guanacaste region and extends over 2,224 acres, just 25 miles from the Pacific coast and five minutes from Daniel Oduber International Airport. Crystal Lagoons will bring idyllic beach life to this inland area of the Costa Rican province, contributing to the revaluation of the area. The public access complex is estimated to attract more than 1 million visitors annually. Also, this project is part of the exclusivity agreement with the conglomerate Blue Water Ventures for complexes in Costa Rica and Guatemala.

PAL™ projects, which anyone can access for an entrance fee, have set a new standard in public gathering and entertainment spaces and have positioned themselves as revolutionary alternatives with a high social impact. Transform any site into a year-round entertainment hub with more than 125 activities that can take place in the lagoon itself or its surroundings. These include water sports with and without an engine, inflatable parks, trade shows, dining, weddings, beach parties, concerts, flow boarding, quatrefoil, cable parks, paddleboard yoga, water slides, cliff jumping, mapping shows, water light shows, water curtain animation, outdoor cinema, corporate events, floating cabanas, etc.

Revista Summa

In the heart of Texas, the Lago Mar project, developed under the Public Access Lagoons™ model, also known as PAL™ complexes, has made an unprecedented impact since its inception. The monumental 12-acre crystalline lagoon, the largest in Texas, powered by Crystal Lagoons® technology, has transformed the lifestyle in this state. With record sales and a permanent and varied schedule of events that bring the project to life year-round, it has become the preferred destination in the state, highlighted by the iconic Lagoonfest Texas, which holds the record for hosting the most floating cabanas in North America, 22.

The world award-winning “The Mysterious Circus” recently occurred, presenting a novel and entertaining family spectacle that included high-flying acrobatics, dance, and contortion acts. This event, held in the breathtaking setting of the crystalline lagoon, captivated attendees with its unique combination of circus talent and natural beauty. Artists worldwide dazzled audiences with incredible skills and performances in a magical and thrilling atmosphere.

The monumental crystalline lagoon of Lago Mar marks a milestone. It is equivalent to 50 Olympic-sized swimming pools, spans over half a kilometer from end to end, and offers white sandy beaches extending over a kilometer and a half. It is nearly six times larger than the first crystalline lagoon in that state, Balmoral. Crystal Lagoons developed both projects in association with Land Tejas.

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