$60 Million Real-Estate Ski Resort and Spa for LGBT Community Approved
By Jeff Adolph
LGBT Developments
The Sante Chaleur group has been backed by Midland Baring Financial Group for a $60 million real-estate ski resort and spa development, which will be tailored to the LGBT community's needs.
The exact location of the spa, ski resort and real-estate development is still to be announced.
The project, according to Sante Chaleur will include a full-service health spa and ski resort as well as a real-estate development that will be built specifically for the gay community.
'Having worked on the financing plan for some time now, we are very enthusiastic to finally be chosen as the financial partner along with Midland Coop and Relations Canada,' said Constantine Caros, President of midland Baring. 'The gay community is a very important market segment, and this vacation home real-estate development and state-of-the-art ski resort and spa will be completely tailored to their needs,' said Mr. Caros.
While the project is only in the initial stages, it has been approved and it is expected that construction will begin in the coming months.
Source: Midland Baring (2008) Midland Baring Signs $60 Million Financing Agreement for the Development of Real-Estate Ski Resort and Spa Tailored to the Gay Community; available online at www.marketwire.com
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