Following the success of the Alcazaba Lagoon development in Malaga, Spain, and the Alovera project outside of Madrid, Crystal Lagoons® is now breaking into the Spanish market with the revolutionary Public Access Lagoons™, also known as PAL™.
These are master licensing agreements, known as the business of the future, sparking interest in investors attracted by their previously unseen returns, long-term stability and limited risk, as well as being Covid & Amazon-proof business alternatives.
Interest in PAL has catapulted these amenities into the meeting point of the 21st century, following the success seen in Japan, the world’s most technological country, and in the U.S., both in Texas and Florida, both generating US $50,000 in entrance ticket revenues, even when operating below 30% of their maximum capacity (1,200 visitors).
The success has been such that tickets have consistently sold-out a week in advance.
“Spanish investors have been able to envision that, once built, these developments generate a financial pyramid. Despite a low initial investment, a company can achieve a very high present value,” says Francisco Matte, Crystal Lagoons Regional Director.
“Also, the hotel industry has identified an increase in value in rates and food and beverage consumption of up to 200% when hotels include a beach, compared to hotels further inland. Investors have corroborated that, on lower-value land, a hotel that includes a beach, as well as PAL elements, can benefit from very attractive returns,” adds Francisco Matte.
The multinational company plans to develop 25 PAL in Spain, in cities such as Madrid, Barcelona, Valencia, Seville, Zaragoza, Malaga, Murcia, among other major cities in Spain.