Rebuilding The Former Kura Hulanda Resort

Following the purchase of Kura Hulanda by BMG Asset Management B.V., which was formed specifically for this purpose, there is still a lot of work to be done at this former Otrobanda resort. There is a lot of rebuilding, renovation, and remodeling going on throughout the property.

Notary Myron Hu-A-Ng signed the notarial deed of transfer in early November. “This is significant for Curaçao because, after ten years of muddled progress, new life is being breathed into the Otrobanda district. And this is thanks to a collaboration of local entrepreneurial groups that genuinely want to and are capable of creating something beautiful out of it,” stated Arend de Winter, a trustee in Kura Hulanda’s liquidation.

With the help of BMG Asset Management, the new owners began construction and renovation work right away.

The new company plans to build a small hotel with about 40 rooms, as well as rental housing for seniors and other target groups. Kura Hulanda’s proximity to the new CMC on the one hand, and the nightlife in Punda, Otrobanda, and Rif Fort Village on the other, is seen as a major selling point for the project.

The new ownership group is made up of three groups of local entrepreneurs with the necessary experience and success: the Bonita group, the Zanzibar group, and the Infotrans/IT group. Arjen van der Meulen, Berend Doedo Veenhuizen (born in Curaçao), and Lex Hanskamp are the three directors of BMG Asset Management.

Vidanova Bank gave them their trust and financial support for this project. However, Kura Hulanda Lodge, a hotel on Westpunt with the same name, has yet to find a solution. De Winter hopes that the Otrobanda initiative will encourage other investors to take over that hotel complex.

Article source:  www.antilliaansdagblad.com