14 Acre Award Winning 4 Star Resort.
Location: Caribbean/WI Situated 2 minutes Boat Ride from one of the Main Islands with an Int’l Airport.
- 29 Fully Furnished/Self Contained Cottages, Restaurant and Swimming Pools and pristine Beaches. There is additional potential to construct another 20 Cottages making it into a 50 Cottage Resort
- Title Holders are retiring and want go in for a Sale/JV. Their Asking Price is USD 10 m. Owners expect a Stake/Equity of about 25/30% in the New Company.
- We anticipate an expense of approx. USD 3/5 m to Revamp the Resort to bring it to 5/7 Star Standards and for the Construction/Furbishment of the Proposed 20 additional Cottages.
- Ideally the Potential Buyer/Partner should be an Int’l Small/Luxury Hotel Operated or an Investor who could Tie Up with an experienced Hotel Chain to Manage & Promote this excellent Real Estate Opportunity.
- Island will be given on 50 year + Lease which will be extended and part of the Lease Documents.
- Title for the Island is held by 2 Individuals one a Hotelier and the other a very top senior Govt Official.
- Annual Gross Turnover for 2017 was USD 1.1 million (due to bad season and Hurricane Maria)
- Occupancy Rate: 75% plus.
- Island has tremendous potential as one of the Top Award-Winning Islands in the region which is fully developed and easily accessible 24 hours
For more information please contact [email protected]