Daily Archives: August 3, 2012

Harlequin’s H Hotel Barbados – Five months of photos: Can you see any progress at all?

(click all photos for large versions)

Where are the workers? Where are the materials? Where are the walls?

Five months of photos at the H Hotel construction site show little, if any, real progress happening at this David Ames Harlequin project. Barbados Free Press first published photos of the worksite dating from February 16, 2012 to March 22, 2012 (BFP’s March 23, 2012 story here). Now, six months later we publish photos taken on July 18, 2012 and we cannot see any progress at all. Some piles of sand, some concrete tiles in the corner, a few internal supports removed – but this isn’t progress. It certainly isn’t what we would expect to see on an active construction project after nearly six months.

Does this look like six months of work on a healthy, vibrant project to you?

These photos will probably cause some Harlequin investors and prospective investors to do a doubletake, and perhaps they should. What work is being done? How much money has been spent on labour and materials in the six past months? Why isn’t this construction site a beehive of activity like every other healthy site you’ve ever seen? There is, however, precedent for this snail like pace by Harlequin…

Unless there’s something we’ve missed, folks who purchased units at Harlequin’s Merricks project six years ago have yet to see one customer unit delivered. Where is all that customer money now?

Perhaps we ordinary people don’t understand how the whole Harlequin project portfolio can support itself without using customer funds from one project to keep other projects going, and by using the funds from new investors to cover existing daily expenses. We don’t understand where the money will come from to build all those sold units at Merricks, because after six years of paying some of the highest sales commissions ever to ‘investment counselors’ who push Harlequin ‘investments’, we think Harlequin is relying on new investors to support the whole scheme. Continue reading

Advertisements

79 Comments

Filed under Barbados, Business & Banking, Consumer Issues, Economy, Offshore Investments