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Stock impact report

The £60m château dream that turned into a nightmare [Yahoo! Finance Canada]

Wyndham Hotels & Resorts, Inc. (WH) 
Last wyndham hotels & resorts, inc. earnings: 2/13 06:30 am Check Earnings Report
It was meant to be a slice of paradise – a dream retreat that promised both the investment opportunity of a lifetime and a second home in the heart of a French holiday resort. A luxury complex centred around a 128-year-old château, the Halcyon Retreat promised savers a chance to cash in on the development of 358 luxury apartments and villas nestled in the hills of Limousin. All would have access to the 18-hole golf course, spa, pâtisserie, laser quest, tennis courts, equestrian centre and multiple swimming pools. Investors from Britain and around the world put in their life savings, reassured that one of the founders was a former police sergeant who oversaw teams that led drug busts and immigration raids. But the dream now lies in tatters. The holiday homes surrounding the imposing Château de la Cazine stand empty. Some are little more than breeze-blocks. Others have not progressed beyond the foundations, despite hopes of an early 2017 opening. “Guaranteed rental returns” h Show less Read more
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