Diplomat Magazine receives the information that due to an unfortunate situation of the International Club The Hague and the very fast worsening economic circumstances has forced to put a hold its activities at the Javastraat 26.
The income out of the memberships, restaurant and activities could not pay for the housing cost. The financial situation of the International Club deteriorated very fast in a short period and lead to very intensive financial negotiations last weekend with the bank, the municipality, the municipal executives and private investors.
All are convinced of the possibilities of the concept but were reticent due to the short term uncertainties; mainly due to the current economic climate. The executor is now deciding on the future of the building and on the future of the company.
