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La Tania - Pierre et Vacances

 Poster: A snowHead
Poster: A snowHead
I rang Pierre et Vacances earlier to enquire about their plans and approach for the 2021 ski season - mainly as we have been returning guests to their Christiana property in La Tania for the last few yeas.

I was surprised to be told that they have relinquished their lease on both the Christiana as well as the La Britania apartment blocks, they didn't give me a reason for this other than to confirm that they weren't selling / promoting these properties with immediate effect.

Has anyone heard anything about their financial condition and whether they have done this in other resorts?

Thanks
latest report
 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
@franga, If they are leaseback tourist residences, they may not have had the take up by enough owners to renew the leases, or they have decided to use their break clause to exit the leases. It maybe the occupancy was not high enough to warrant keeping them on. So the residences will go back to normal co prop or many be taken on by another management company. There will be quite a number of other leaseback owners hoping they walk away from their residence................
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