Raffles, Tortola is coming in as the worldwide management company.
The Lambert Bay rumors have now been clarified because of several people who emailed because of my remarks last week. Colin O’Neal, owner of JOMA Properties, let me know, “The developer and owner of the Lambert Bay project is Greenfield Development, Ltd., owned by Mark Vanterpool and other local BVI properties.” They have hired Raffles Resorts as the management company.
“My partner, Percy Rhoden and I, are thrilled to be part of The British Virgin Islands dynamic tourism growth, and Raffles Tortola can only add to the island’s reputation as a choice destination for visitors to the British Virgin Islands,” said Mark Vanterpool, Co-Director of Greenfield Property Holdings Ltd. “This is Raffles” first project in the Virgin Islands and we are very pleased to be working with such a world renowned brand.”
As I mentioned last week, this project is set on 50 acres of beach front property that includes a half mile of white coral sand beach with unbelievable views of the Caribbean Sea. They are also building a 90 meter pier as part of the project. It is projected to be completed by 2010 with a Founders Program in place for the 25 exclusive 3,000 square foot villas available for pre-sale – $2.2 million each. Contact me if you want more information.
There was a recent interview with Dr. the Honourable D. Orlando Smith, Chief Minister and Minister of Tourism of the British Virgin Islands and this important project, “The British Virgin Islands has long been able to offer world class accommodations, however, Raffles will bring to Tortola a degree of luxury which is truly first rate and world class. The business and tourism communities have long asked for a resort of this stature on Tortola and Raffles will meet that demand. The fact that this resort is 100% owned by British Virgin Islanders is a perfect example of how we as a people are able to develop a large-scale project with the same quality and success enjoyed by major investors throughout the world. This is an accomplishment of which we are all extremely proud.”
Besides all of the amazing amenities and facilities available at this world class resort, Raffles is building one of only three Raffles Amrita Spas as part of the project. It will occupy an expansive 15,000 square feet facility that reflects the Amrita Ancient Sanskrit legend of being the magical elixir of youth sought by deities.
“Raffles Tortola will be distinguished by the heartfelt service and residential charm that is characteristic of the Raffles brand,” said Diana Ee Tan, Managing Director of Raffles Hotels & Resorts. “This luxurious sanctuary will be an ideal point from which residents can enjoy the lush landscape and white sand beaches of Tortola, and we are delighted that Greenfield Property Holdings Ltd. has appointed Raffles to manage this gem in such an awe- inspiring locale and destination.”
As I mentioned last week, I have anchored at Monkey Point, Guana Island for many years, which is just across the channel from Lambert Bay, but I had never set foot on it until now. What an amazing project, and one that all of us who are interested in the real estate happenings in the Caribbean will be watching closely. Again, contact me anytime for more information. Until next time….