SunRock Group - Recovery of the beneficial ownership of Hotel Sun Park

SunRock Group - Recovery of the beneficial ownership of Hotel Sun Park Press Release SunRock Group, a British-Spanish family-owned investment firm, is committed to recovering its rightful beneficial ownership of the Sun Park Hotel in Playa Blanca, Lanzarote, which is currently operating under the name Mynd Yaiza. The SunRock principal, Gil Marer, is acting as an external whistleblower on record, utilizing European, Spanish, and German whistleblower protections, as well as the UK’s new corporate crime regulations. This stance aims to bring transparency to alleged significant wrongdoing that has impacted the Sun Park property and has wider implications within the European hospitality sector. The allegations extend beyond ownership disputes. They include suspected misuse of public funds and tax incentives intended to support regional economic development, alongside accusations of embezzlement, abuse of power, and potential conflicts of interest. These matters play a central role in the insolvency proceedings of FTI Touristik in Germany and Meeting Point Spain, where the impact of alleged misappropriations and administrative abuses is under scrutiny. Marer, representing SunRock, has reported these issues to investigative and prosecutorial authorities across Europe, including the Audiencia Nacional (the National High Court) in Spain, the SFO (Serious Fraud Office) in the UK, and the EPPO (European Public Prosecutor’s Office), which has referred matters to OLAF, currently investigating in Europe. Additionally, the FTI Group’s insolvency administrator in Germany, Mr Axel Bierbach, and the business advisory services company FTI Consulting in Spain, the appointed pre-insolvency agent overseeing the restructuring or sale of Meeting Point, have also been notified. Furthermore, in Spain, formal communications have been submitted to the Spanish financial regulatory authority, the National Securities Market Commission (CNMV), and the Spanish state-owned industrial holding company (SEPI), urging them to review and respond to these serious claims given their implications for public accountability and economic integrity. SunRock stepped into the position of Tel Aviv-based Multimatrix, which, as reported in Alimarket in 2008 (see link), acquired Hotel Sun Park from Monte Lanza. This historical connection underscores SunRock’s legitimate ownership rights and its continued commitment to maintaining Hotel Sun Park as a valuable hospitality asset. In parallel, SunRock is currently pursuing an M&A transaction with a London-based investor involving a major hotel in the Malaga region. This acquisition would expand SunRock’s portfolio to over 540 rooms, reinforcing the group’s presence in Spain’s competitive hospitality sector. SunRock’s aim is to ensure that these matters are addressed transparently and that judicial and regulatory standards are upheld. The group remains committed to contributing positively to the hospitality sector, while defending its ownership rights and encouraging a fair investigation into these complex cross-border issues. November 13th, 2024 1 of 1

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