Category: Uncategorized

  • Press coverage: Óbidos Council with outstanding debt for plots in the resort.

    December 12th, 2024: Local Newspaper Gazeta das Caldas Reports on Bom Sucesso Resort, please read original article here.

    The article highlights the Óbidos Council’s €143,000 debt in unpaid condominium fees for eight plots it owned at Bom Sucesso Resort. These plots were sold through a judicial process, but the debt remains unresolved. Residents raised concerns at a public meeting about the debt, the improper registration of common areas (e.g., the pool, reception, and gatehouse) as individual plots eligible for sale, and inadequate waste management.

    Regarding waste management, residents noted that waste containers originally installed in the resort were left unemptied for years and replaced with traditional outdoor containers, which often topple over due to local weather conditions, harming the resort’s aesthetics and hygiene.

    The meeting also addressed the reception of the infrastructures, and the group is now awaiting an updated inspection report to provide a clearer overview of the current situation.

    Mayor Filipe Daniel assured residents that the council is addressing the debt and collaborating with condominium managers. He also mentioned a separate debt owed to the municipality for unpaid water bills. Efforts are underway to resolve these issues and finalize the resort’s acceptance process, which began in 2008. Additionally, the council is negotiating with Abanca bank to transfer ownership of common areas, but this will require changes to the site’s zoning and development plan.

    Volunteers from Fellow Owners attended the public meeting of the Óbidos City Council to clarify what prevents the municipality from paying the condominium debt of €143,000. It became clear that the payment of this debt is not related to the final reception of the infrastructures, which is the responsibility of the Developer, who allegedly owes debts to the City Council.

    Since these are three distinct entities, we are convinced that the municipality will honor the payment of its debt to the condominium and will address the collection of the alleged water debt from the Developer, a matter to which the owners are completely unrelated.

  • Press coverage; Bom Sucesso Resort lost Potential National Interest (PIN) Status

    Please read original article of Jornal De Negocios from September 30th 2017 here.

    Summary about Bom Sucesso Resort:

    The Bom Sucesso resort, located in Óbidos, initially received the status of Project of Potential National Interest (PIN) in 2006, but later lost it. Despite this setback, the luxury development continued, featuring houses designed by renowned architects like Álvaro Siza Vieira. Plans for a Hilton hotel were also in place, but construction had to be halted. The companies behind the project, Agreement Óbidos and Bom Sucesso SGPS, ultimately filed for insolvency in 2014. However, the majority of the houses were sold to foreigners, including Ricardo Salgado, the former president of Banco Espírito Santo (BES), who himself bought a property in the resort.

  • Press coverage; Onebiz Group has acquired the tourist operation of Bom Sucesso houses and golf for 63,500 Euros

    Please read the original article here provided by Gazeta das Caldas. This blog post gives some insight into the previous owner’s structure.

    Summary:

    The Onebiz Group, based in Matosinhos, has acquired the tourist operation of Bom Sucesso houses and golf from Sociedade BS Villas for 63,500 euros. The group aims to relaunch the Bom Sucesso development, positioning it as a contemporary destination with increased integration with the West region. The strategy includes a focus on strategic products such as golf, water sports, gastronomy, and heritage. Onebiz has already launched a new brand for golf and villas, reworked marketing, and enhanced tourism offerings. Currently, Bom Sucesso has over 100 houses in tourist operation, with plans to make 200 available by the end of the year. The group emphasizes sustainability, with an investment forecast of around 250 thousand euros. Despite initial focus on real estate, the group aims to promote tourism, with good acceptance from the national market. The Clubhouse and restaurant are operational, and the project also includes a cultural initiative called CAL (Culture, Art, and Literature). Bom Sucesso, currently under the direction of Pedro Portugal, anticipates a transition year in 2015, with a solid foundation for a significant relaunch in the following year. The group aims to complete the project within two to three years, considering it a formidable undertaking.