Investments

Tavolara Bay, a 200-million project comprising hotels and luxury villas

The development, which was halted by the government following protests from local residents and environmentalists, was to have included a resort, 26 private homes, a beach club and a golf course

by Paola Dezza

Decine di bandiere dei quattro mori sventolano nello spiazzo dei parcheggi di Cala Finanza, sulla costa nord orientale sarda, a Loiri Porto San Paolo, in Gallura durante il sit-in contro il progetto della società italo brasiliana Tavolara Bay srl ANSA

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

A €200 million project to create a new high-end tourist destination in north-eastern Sardinia. It was, or should we still say is if the developers lodge an appeal, this is the project – to be developed in several phases (the Fasano Al Mare Beach Club was due to open this summer) – promoted by Tavolara Bay together with the Brazilian group JHSF to transform the Porto San Paolo area, just a few minutes from Olbia Airport, into an integrated hospitality and services hub.

The project is now on hold, following strong opposition from local communities and environmentalists. But that is not all. The regional government itself had expressed opposition to property development in the area, but only in relation to the first phase of the project – the beach club and ‘gampling’, a modern form of camping combined with resort-style facilities. In the end, the government decided to withdraw the authorisation for the project by the Italian-Brazilian company Tavolara Bay srl to build the five-star beach club in the historic Villa Joy at Cala Finanza. This is one of the most picturesque beaches and coves in Gallura, situated opposite the Tavolara Punta Coda Cavallo Marine Protected Area. It was therefore the ‘gampling’ component – for which authorisation had been sought – that was rejected. No concrete works were planned for this site.

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L'area marina protetta di Tavolara. ANSA/PABLO TARALLETTO

The full project plan envisaged the development of accommodation facilities across a total area of 100 hectares, but only 3 per cent of the area was to be built on, whilst over 97 per cent was to be set aside for open spaces and green areas. This part of the project was to have been built behind Porto San Paolo, where, according to the company, there is an approved local development plan (PUC) that permits such building volumes. The masterplan envisages the construction of a hotel with around 50 rooms, 26 luxury villas, as well as restaurants, a beach club, a spa and sports facilities, with a particular focus on golf and outdoor activities. This is a way of extending the tourist season, which in Sardinia remains short despite numerous attempts to lengthen it.

From an economic point of view, according to the promoters, the project would also stand out for its expected impact on the local area. The overall economic return is estimated to be up to three times the capital invested, with effects which, according to the promoters, will extend well beyond the boundaries of Porto San Paolo, affecting the entire north-eastern coast of the island.

The initiative’s partner is the Brazilian group JHSF, which has been active for over 25 years in the development of integrated luxury property and hospitality destinations. The group, which also owns the Fasano brand, has already carried out similar projects in Brazil and Uruguay, focusing on a model that combines residential properties, hotels and services to spread tourist numbers more evenly throughout the year.

The 26 villas envisaged in the project were to be put up for sale but managed using the hotel’s services, in line with a model that is becoming increasingly common in the high-end hospitality sector. The properties, designed with families in mind, have floor areas of around 300 square metres.

The initiative was part of a wider strategy by the JHSF Group in Italia, where total investment amounts to around 500 million euros across Milan and Sardinia. In the Lombard capital, the group recently acquired Palazzo Taverna, in the fashion district known as the Quadrilatero, where a new Fasano-branded hotel is to be built.

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  • Paola DezzaCaporedattrice del Lunedì e responsabile del settore real estate per tutto il gruppo

    Lingue parlate: inglese, francese

    Argomenti: mercato immobiliare, architettura, finanza immobiliare, lifestyle, turismo, hotel e ospitalità

    Premi: “Key player of the italian real estate market” di Scenari Immobiliari

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