Log In

Reset Password

Still many Gencom questions unanswered

Fairmont Southampton (Photograph by Akil Simmons)

Dear Sir,

Some questions for Westend Properties/Gencom:

1, Does Westend Properties really believe that the special development order has been scaled back by reducing the number of units from 261 to 250. I thought it was a typo!

2, Why has the split between residential and tourism units changed so much? Were the numbers wrong before? (Originally 114 tourism, 147 residential. Revised to 159 tourism, 91 residential.) What is the justification for this? Just so the design can be changed? Why the need to “rebalance”.

3, Why is the 2009 SDO, which approved 130 units — 71 tourism, 37 residential, 22 townhouses — not still valid. Can we have an explanation?

4, Is it projected that the hotel will be profitable as a stand-alone entity? I understand it was in the past. If so, what return is budgeted?

5, What return on its investment is Gencom looking for, and in what timescale? Is this reasonable? Who determines this?

6, It would seem Karim Alibhai’s eye for a deal and risk-taking are clearly reflected in this project?

7, Why has the contract for the hotel renovation not yet been signed? Supposed to be signed by Christmas; it is now July. Does it depend on SDO approval?

8, Increasing construction costs and capital market costs are mentioned as problems. Can we have some figures to support this?

9, Gencom has submitted an SDO for the beach club, which also includes tourism units. Keep an eye on this.



You must be Registered or to post comment or to vote.

Published July 29, 2023 at 7:58 am (Updated July 29, 2023 at 7:14 am)

Still many Gencom questions unanswered

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon