Real Estate Investment Opportunity in the Caribbean - Luxury Villa Resort Launch in St David Grenada
The launch of one of Grenada's most prestigious resort developments, Bacolet Bay. As the first of four new 5-star resorts being planned on the island, Bacolet Bay is generating a wealth of excitement amongst locals, tourists and investors alike.
(PRWEB) March 10, 2007 -- Bacolet Bay Resort and Spa Grenada offers an outstanding opportunity for both a financial and lifestyle investment. Owners buy-to-let 5 Star villas, apartments or cottages which form part of a luxury hotel and enjoy four weeks personal use a year. For the remainder of the year the accommodation will be let to hotel guests whilst the owners benefit from a share of the rental returns.
Working to augment the limited supply of high quality property and cultivate their country's tourism market, the Grenadian government are in full support of the project. Grenada's Minister of Tourism, Senator, the Honourable Brenda Hood, has described Bacolet Bay as a project which will improve the quality of Grenada's tourism, re-iterating that it is one of the island's finest developments.
At the launching ceremony in Grenada, Minister Hood praised the developers of the project for their vision, noting "This new five star resort and condominium development will be the envy of the region and the world. The stunning location and the quality of the architectural designs will make it a unique treasure that will entice persons from around the world to come to Grenada."
Located on a quiet hillside, elite apartments and villas are gently tiered into the hillside to ensure that all have stunning views and optimum privacy. The resort is low density with an average of only 4 properties per acre nestled amongst rich tropical vegetation.
Speaking on behalf of the Board of Directors, Project Developer David Cox describes the island as one of the most beautiful places he has ever visited. He told the gathering from Grenada's government and private sector last month that there has been tremendous interest in the development with several people already buying into the luxurious properties. Mr. Cox explained, "I believe that we have the perfect combination of views, secluded location and pristine Caribbean waters. We are confident that the project will bring thousands of visitors to this beautiful island."
About Bacolet Bay Resort:
The resort will consist of chic hotel cottages, private villas and apartments, all with their own pool, set amid 41 acres of lush tropical gardens with stunning 180 degree views. The development itself will be low density with the properties and luxury facilities nestling amongst tropical gardens. Situated 20 minutes from the capital St. George's and the international airport, with direct flights from the US, UK and Europe, it occupies a prime location. Amenities include a spa and fitness centre, tennis courts, beachfront bars and restaurants, 200m white sand beach, infinity edge pools, snorkelling and water sports, 24 hour security, hiking and biking trails and sheltered jetty for small craft.
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