Sunborn floatel funded by Gibraltar government?

Sunborn floatel funded by Gibraltar government?

one thing is for certain, the Government of Gibraltar were the applicants in the planning application for works for the permanant docking station for Sunborn as can be seen below by their own planning application dated 18th April 2013 – see below from Gibraltar government records:

gib government apply for p consent for sunborn

The shadow government of Gibraltar have released the following statement:

The GSD Opposition has been pressing the Government for well over a month to confirm whether the Government has, directly or indirectly, entered into any financial arrangements in support of the Sunborn Floating Hotel.

sunborn latest

The first time the Leader of the Opposition brought the question before Parliament as to whether any loans had been provided, the Chief Minister told him that he would have to check the facts. Two weeks ago Mr Feetham asked the following question in Parliament (505/2013):

“Can the Chief Minister state whether the owners of the Sunborn Floating Hotel have had the benefit, either directly or indirectly, of financial assistance from the Government?”

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In his reply, the Chief Minister stated that “No financial assistance has been provided by the Government to the owners of the Sunborn Floating Hotel”.

In question 506/2013 Mr Feetham then asked whether the Chief Minister was “now in a position to state whether the owners of the Sunborn Floating Hotel have had the benefit of a soft loan from the Government and, if so, provide the details of the amount, and an outline of the terms of repayment and whether the proceeds of the loan will be drawn on the Consolidated Fund or the Gibraltar Savings Bank”.

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In his reply, the Chief Minister stated that “there is no soft loan from either the Government or the Gibraltar Savings Bank to the owners of the Sunborn Floating Hotel”.

The Chief Minister has repeatedly stated that the Sunborn was an entirely private venture which had nothing to do with the Government and had no Government involvement.

The Opposition has now obtained documents from Companies House that show that a Government and Gibraltar Savings Bank owned company, “Credit Finance Company Limited”, has the benefit of a mortgage secured on the Sunborn Gibraltar vessel.  The amount secured by the mortgage is ‘an unlimited amount’ in favour of Credit Finance Company Limited.

Picardo company

The facts are as follows.

On the 17 February 2012, the Government incorporated a company called Credit Finance Company Ltd with the registered Office at No 6 Convent Place.

The registered shareholders of that company are Gibraltar Investment (Holdings) Ltd and the Gibraltar Savings Bank.

The Gibraltar Savings Bank has invested in 289,425,000 shares of £1 each in Credit Finance Company Ltd.  That is very significant investment.

Gibraltar Investment (Holdings) Limited, in turn, is a wholly owned Government company and is used by the Government to fund other Government companies and projects.

The directors of Credit Finance Company Ltd are very senior Civil Servants.

A profile issued by Companies House on 1 July 2013 in relation to Sunborn (Gibraltar) Ltd, reveals that the company was incorporated on 12 March 2013 and that on 16 April 2013 it registered a mortgage for “an unlimited amount” in favour of Credit Finance Company Ltd.

companies house Gibraltar records

A search of the Register of Mortgage and Charge and of the Memorandum of Satisfaction of Sunborn (Gibraltar) Ltd reveals the mortgage in favour of Credit Finance Company Ltd relates to:

(1) All of Sunborn (Gibraltar) Limited’s right, title and interest (now or in the future) in the Floating Hotel vessel, the Sunborn Gibraltar.

(2) All of the company’s right, title and interest, present and future, in and to the assigned property meaning:

(A) all of the policies and contracts of insurance of the vessel set out in a deed of covenant, (which the Opposition have not seen); and

(B) all moneys or other compensation payable during the period that any obligations of Sunborn (Gibraltar) Limited under a loan agreement (which the Opposition has also not seen) remain outstanding.

It will be appreciated by the public that a mortgage is granted by a company or an individual over property as security for a loan or some other type of financial assistance provided by a lender.  Indeed, the Register of Mortgage and Charge and of the Memorandum of Satisfaction specifically refers to “the loan agreement”.

Daniel Feetham, Leader of the Opposition said: ‘The GSD Opposition is giving the Government an opportunity to explain the apparent discrepancy in the answers provided in Parliament by the Chief Minister and the information that emerges from the documentation available. On another level it would be a matter of grave concern if the Government were lending taxpayers’ or Gibraltar Savings Bank savers’ money to Sunborn (Gibraltar) Limited”.

The Government of Gibraltar has yet to comment as at 2nd July 2013

The Government of Gibraltar have fiercly denied any financial involvement with Sunborn Gibraltar as at 3rd July 2013

Sunborn floatel arrives in Gibraltar

Sunborn floatel arrives in Gibraltar

Photographers for gibraltar-tourism.com have the first exclusive pictures of the new Sunborn Yacht Hotel as she arrives on Gib shores upon a boat transporter.  All photos are exclusive and copyright property of Gibraltar Tourism, photos only to be used by other parties with express consent from Gibraltar Tourism gibraltartourism@europe.com

Photos taken by Adrian Warburton

More photos of the latest work and developments of Sunborn in the dry dock Gibraltar.  Coming on nicely.

sunborn latest2sunborn latestsunborn latest3

 

Below Sunborn arriving in Gibraltar on a ship transporter.

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Sunborn Gibraltar

Sunborn Gibraltar

7th June 2013 – update official photos and specifications of the new Sunborn headed for Gibraltar – Ocean Village / Marina Bay here directly from Gibraltar planning department.

nerves are fraught over the anticipated arrival of the new Sunborn to Gibraltar, not only from the directors and CEO’s of the company

Gibraltar is expectantly waiting for the arrival of the new Sunborn Floatel, a classy five star floater, real James Bond style material, promising a bright new future for young aspiring Gibraltarians.

But where is she in transit?  Where is she coming from?  Where are the photos?

Boasted as a mass employer and boost to Gibraltar’s economy, we all await the arrival of the Sunborn Yacht Fixed Floating Hotel at Ocean Village/ Marina Bay with bated breath.

Sunborn is due to make her debut in Gibraltar in less than 13 days according to official reports, which by our estimates would make her first appearance on Gib shores on or around 19th June 2013, but we are awaiting confimation from CEO’s of the Sunborn project whether she is on schedule or not.

There have been a few contraditions in the media as to whether or not this Sunborn is the only Sunborn in the world.  Some publications have suggested that there are other Sunborns, however gibraltar-tourism.com have not been able to find satisfactory or substantial, google, yahoo, Bing or Tripadvisor reviews for the Sunborns, as one would expect, even with a modest B&B in Torquay one would expect more than a few reviews from a concept existing since 1998, neither is there an innundation of youtube films, in fact there is little or no mention of the Sunborn except on Gibraltar official PR machine.

Gibraltar Tourism look forward to seeing a new and innovative idea such as the Sunborn, not only to create jobs but also to promote Gibraltar, but there are many, many questions left unanswered, and a great deal of mystery, all very exciting and intriguing:

Where is she coming from?

Which boatyard has been revamping her?

If the ship is brand new then why does she need to dock at Gib naval docks for a lick of paint and some televisions fitting, that sort of thing (quote from Brian Stevendale CEO Sunborn on YGTV interview) who also adds that there is stakeholder from the government of Gibraltar!  Interesting!  The charasmatic Mr Stevendale also goes on to say that Gibraltar is losing out to neighbouring Spain because there are no hotels nearby to offer the same high standards.

 

Most perplexing is that Gibraltar Toursim can’t seem to find any evidence that any other Sunborn exists anywhere else in the world, so will Gibraltar really have something that cannot be experienced anywhere else in the world?  If so then that in itself is a selling point.

Whatever the case, the workers at Marina Bay need to get a wriggle on if they are to finish their work in the next 14 days, photos of development coming soon on the new dock for Sunborn.

Can’t wait to see it when it arrives…

 

By John Middleton – gibraltartourism@europe.com

 

 

Sunborn Gibraltar

Sunborn Gibraltar

7th June 2013 – See photos from the planning department published here on Gibraltar-Tourism.com today

nerves are fraught over the anticipated arrival of the new Sunborn to Gibraltar, not only from the directors and CEO’s of the company

Gibraltar is expectantly waiting for the arrival of the new Sunborn Floatel, a classy five star floater, real James Bond style material, promising a bright new future for young aspiring Gibraltarians.

But where is she in transit?  Where is she coming from?  Where are the photos?

Boasted as a mass employer and boost to Gibraltar’s economy, we all await the arrival of the Sunborn Yacht Fixed Floating Hotel at Ocean Village/ Marina Bay with bated breath.

Sunborn is due to make her debut in Gibraltar in less than 13 days according to official reports, which by our estimates would make her first appearence on Gib shores on or around 19th June 2013, but we are awaiting confimation from CEO’s of the Sunborn project whether she is on schedule or not.

There have been a few contraditions in the media as to whether or not this Sunborn is the only Sunborn in the world.  Some publications have suggested that there are other Sunborns, however gibraltar-tourism.com have not been able to find satisfactory or substantial, google, yahoo, Bing or Tripadvisor reviews for the Sunborns, as one would expect, even with a modest B&B in Torquay one would expect more than a few reviews from a concept existing since 1998, neither is there an innundation of youtube films, in fact there is little or no mention of the Sunborn except on Gibraltar official PR machine.

Gibraltar Tourism look forward to seeing a new and innovative idea such as the Sunborn, not only to create jobs but also to promote Gibraltar, but there are many, many questions left unanswered, and a great deal of mystery, all very exciting and intriguing:

Where is she coming from?

Which boatyard has been revamping her?

If the ship is brand new then why does she need to dock at Gib naval docks for a lick of paint and some televisions fitting, that sort of thing (quote from Brian Stevendale CEO Sunborn on YGTV interview) who also adds that there is stakeholder from the government of Gibraltar!  Interesting!  The charasmatic Mr Stevendale also goes on to say that Gibraltar is losing out to neighbouring Spain because there are no hotels nearby to offer the same high standards.

 

Most perplexing is that Gibraltar Toursim can’t seem to find any evidence that any other Sunborn exists anywhere else in the world, so will Gibraltar really have something that cannot be experienced anywhere else in the world?  If so then that in itself is a selling point.

Whatever the case, the workers at Marina Bay need to get a wriggle on if they are to finish their work in the next 14 days, photos of development coming soon on the new dock for Sunborn.

Can’t wait to see it when it arrives…

 

By John Middleton – gibraltartourism@europe.com

Sunborn Gibraltar 

James Bond lifestyle job opportunities for young Gibraltarians

Interviews start today 30th May 2013

COMING SOON

“Five Star” Jobs for Gibraltar

 

Having unveiled its exciting vision for Gibraltar in last week’s media, five star yacht hotel Sunborn Gibraltar is now gearing up for a Recruitment Open Day on Thursday 30 May.   Up to 200 permanent roles are available for local candidates.

 

Brian Stevendale, CEO for Sunborn Gibraltar, says, “As you can imagine from a yacht hotel with 189 rooms and an array of five star dining, leisure and event facilities, we have a considerable number of roles to fill.  Some will be more immediate, we’ll need staff to work on the commissioning process when Sunborn Gibraltar arrives in less than three weeks time, and others will need to be in place when she’s operational in the second half of 2013 – although training will start much sooner.  We want to offer young people in particular a real opportunity to come onboard, undergo an apprenticeship and learn five star hospitality skills which will leave them in good stead for future international employment.  It’s what Gibraltar deserves.”

 

Taking place on Thursday from 2pm to 7pm at Sunborn Gibraltar’s development offices within Sotheby’s on Ocean Village Promenade, the Recruitment Open Day gives potential candidates a chance to meet the team and find out more about job opportunities with Sunborn.  It’s an informal information-gathering exercise and all people need bring are their questions and an up-to-date CV.

 

Brian finishes, “We’re bracing ourselves for huge interest on Thursday as it’s such a unique brand and concept.  Sunborn Gibraltar will for some time be the only five star yacht hotel in existence in the world, the first of a fleet that is destined for some of the most iconic cities around the globe including London, Barcelona, New York, Tokyo and St Petersburg.  It’s a fantastic opportunity to participate in this incredible journey from the very beginning.”

 

Sunborn Gibraltar

Ready to welcome guests in the second half of 2013, Sunborn Gibraltar is the latest 150 million euro addition to the revolutionary floating hotel fleet.  Standing proudly in Ocean Village Marina, set against a backdrop of the iconic 1,400ft ‘Rock’, Sunborn Gibraltar counts 189 guest rooms, 90% of them with outdoor space, and all with full-height glazing to capture the Mediterranean views.

 

142 metres long and a height of seven storeys, Sunborn Gibraltar exudes five star elegance in its rooms, casino, Spa and fitness centre, casino, cocktail lounges, fine dining restaurants and grandiose ballroom – the ultimate setting for a lavish celebration.  Conferences and events are equally well catered for in flexible meeting space for up to 540 delegates.

 

Sunborn Gibraltar is an essential addition to the territory’s hospitality offering and meets a growing demand for luxury hotel and convention facilities in a flourishing economic environment.  Visit Sunborn Gibraltar’s dedicated website www.sunborngibraltar.com

 

 

Sunborn super yacht due to arrive in Gibraltar …

watch this space……. exclusive photos coming soon

coming soon