BUCHAREST, Romania, Nov. 23, 2015 /PRNewswire/ -- AgriEuro Corp. (OTCQB: EURI) today announced that it intends to build an all-inclusive resort with a capacity of 620 accommodations which will become the largest resort on the Black Sea.
The company plans to build recreational areas for activities such as hunting, fishing, bird watching and water sports among others. A 4-building complex will host 120 accommodations while a holiday lake house complex will host 500 accommodations.
The area is attractive because of the delta's particularly exotic landscape, unique features, mild weather and Unesco World Heritage Site status. The resort will be accessible by land, air and sea.
The presence of several unused buildings the company owns will make the overall project cost cheaper as these can be renovated to host some of the resort's facilities.
Once completed, the company estimates that the 620 accommodations will average an occupancy rate of 70% during the high season (180 days) at an average of 100 to 200 euros per night. The resort will deliver high quality european service in a green environment.
About AgriEuro Corp
AgriEuro Corp operates in the agricultural, aquaculture and tourism industry in Europe. The company's flagship property is located at the junction of the Danube delta and the Black Sea and encompasses a variety of currently revenue-producing and soon-to-be producing businesses. It spans over 4,200 acres on a Unesco World Heritage site. Investors can visit the company's website at http://www.AgriEuroCorp.com
This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the matters and transactions considered by AgriEuro Corp may not proceed as contemplated, and by all other matters and assumptions specified in AgriEuro's filings with the Securities and Exchange Commission, especially those risks and other matters described under "Risk Factors" within AgriEuro's Form 10-Q filed with the Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. AgriEuro does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information.
SOURCE AgriEuro Corp.