Karma Royal Group acquires the Alpen Club
Top timeshare group Karma Royal has acquired the Alpen Club in Schliersee, in the Bavarian Alps in Germany, bringing the number of resorts in its portfolio to eighteen.
Karma is famous for its designer, spa-style resorts in Thailand and Indonesia and the move to acquire a resort in Europe is significant.
Owner John Spence has indicated that he intends to return to the UK to be based in London and expand his business with a base in St. Petersburg in Russia. He created Karma Royal Group by investing his own savings into land in Goa and now runs a debt-free, multi-million dollar turnover business, with 18 resorts worldwide and still growing.
Spence is in the running for Ernst & Young’s Young World Entrepreneur of the Year at a gala event to be held in Monte Carlo on June 4th. Fifty Entrepreneur of the Year country winners will attend, and one of them will walk away with the prestigious Young World Entrepreneur award. He won the Australia country award last year, qualifying for the final.
The Alpen Club is located by an Alpine lake, within easy reach of the ski slopes and 45 minutes from Munich. The resort has 85 rooms, and features a spa, pool, restaurant, bar and two indoor bowling alleys.
Karma Royal Group will renovate the facilities before it becomes available as a mixed use resort for Karma members and plans are to also market it as a hotel. Spence is believed to be looking to acquire more mountain-ski resorts in Europe and planning to create a global group, rather than Asian-based holiday group, going forward.
Karma’s other resorts include Karma Pelikanos on the Greek island of Mykonos, Karma Bahamas at Little Harbour Island, a recent acquisition in India – the Royal Himalayan Club at Shimla – and various properties in Thailand and Indonesia, with projects in development as far afield as the Seychelles, Dubai and Fiji.