I do not and never have liked remakes of classic or not bad films. The classic horror film, "King Kong" has now been remade twice, the first remake was a updated background with a more modern New York City, the 2nd remake used a 1930's New York City background.
The film "Vampyres" originally shot in Europe was more Erotically done, and did not have as many "extra" characters as this version.
I would not say this is a bad film, I am glad to see one of my favorite Horror actresses, Ms Caroline Munro appearing, but this is still a remake.