Delays and porblems should always be expected with any large development.

I always thought it highly unlikely any hotel would open without there being a credible substantive tourist offering in place, and certainly not when the development resembles a building site.

If I were a hotel operator I would probably not open until the airport was ready and most of the development complete.

I cant see a viable tourism proposition emmerging until at least summer 2010, which is fine by me, I'm not too hung up on getting an immediate rental return if it so happens my property completes before the site as a whole.

I wonder whether the King is aware of the Fadesa issues?

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year