Cofresi, Puerto Plata - In an un-announced move for its shareholders, the Sun Village Resort in Cofresi was auctioned off last Wednesday for just US$4.3million. The Spanish company, Globalia - a company that operates the Oasis Marien in Marapica, Puerto Plata and the Oasis Marien Resort in Boca Chica, snapped up the deal after Fred and Derek Elliott (The original Canadian owners) lost control of the hotel after a court battle with investors. The only offer, made by Globalia, was enough to please executives of Banco Leon, who have been administering the property since its closure.
Jesus Hidalgo who is the owner of Globalia, and is also reported to be the majority shareholder in Air Europa, who operate Madrid - Santo Domingo / Punta Cana / Puerto Plata routes on a weekly basis, purchased the resort for less than 1-1/10th of what it is expected to be valued at.
It seems as though security at the resort has been so lax in recent weeks, parties have been entering the resort posing as bailiffs and carrying off items such as tv´s and furniture. Even one party is reported to have removed from the resort a Cummings generator, valued at over US$1million, which was spotted being taken away from the property on a low-loader which in turn collapsed substantially damaging said generator.
