Posts Tagged ‘Viceroy Hotel Group’

London consortium secures investment in Sugar Beach Villas

Wednesday, August 18th, 2010

Cardea logo

Cardea Property Consultants are pleased to announce that a London-based consortium headed by British property developers Anthony Lyons and Gary Wilder has secured a substantial investment in the 130 acre Sugar Beach resort development in St Lucia.

The funds will be used to complete the US$100 million redevelopment of The Jalousie Plantation, creating a resort with 112 luxury rooms, 46 private residences, two white sand beaches, three new restaurants, four bars, a unique rainforest spa and walkway, a scuba centre, kids club and games rooms.  The resort is being rebranded as The Tides Sugar Beach in 2011.   Architects Lane Pettigrew Associates have been hired for the revamp.

Lyons and Wilder bring a wealth of property development experience to the project, having been involved with such projects as the O2 Centre and Earls Court developments in London, and more than US$57.8 billion in transactions since the late 1990s.   They will be joining the board of Jalousie Ltd where owner Roger Myers will remain as Chairman and majority shareholder.

Roger Myers comments: “We welcome our new partners, who bring an unrivalled depth of property development experience and we look forward to working with them as The Jalousie Plantation continues its multi-million dollar transition to Sugar Beach.”

Myers has over 35 years experience in the leisure industry covering restaurants, pubs health spas and hotels. He was a founder and Chairman of the Pelican Group which developed a hugely successful chain of restaurants in the UK including Café Rouge, Dome and Mama Amalfi. After the sale of the group to Whitbread, he became a founder and Development Director of Punch Taverns plc, a company that grew to become a Footsie 100 company and own over 6000 licensed premises in the UK.  He now lives in St Lucia and is exclusively focused on the development of Sugar Beach.

The Viceroy Hotel Group, keeper of The Tides brand, will manage the hotel when it is rebranded and re-launched as The Tides Sugar Beach in 2011.

There are 64 luxurious one and two bedroom hotel villas available for ownership, each with a private plunge pool and ocean or Piton views.  Prices range from US$700,000 to US$2.1million.  Owners are entitled to four weeks usage per year and a minimum 5% rental guarantee from villa handover until the end of the first year after the hotel re-opens.
 
The hotel villas at Sugar Beach are all fully furnished and are being sold as freehold.
There are also 41 Private Residences available for purchase.  Each of these meticulously appointed spacious homes has two to six bedrooms with spectacular ocean and piton views.  Prices range from US$2.4 million to US$6 million.

Caribbean Homes Magazine

Monday, July 26th, 2010

Situated on the exclusive south west-tip of St Lucia are the twin peaks of the Pitons, the islands best-known landmark. Rising dramatically out of the turquoise ocean to over 2,000 feet these mountains cradle the Val des Pitons at their base. This area is a UNESCO World Heritage Site of outstanding natural beauty, and is also the location for a new five-star resort being constructed on the site of the original Jalousie Plantation.

Roger Myers, the former owner of the Cafe Rouge restaurant chain, bought the hotel in 2005 and is now spearheading a $100million transformation programme aimed at turning it into one of the Caribbean’s premier resorts. Managed by elite brand The Tides, part of the Viceroy Hotel Group, the resort will be rebranded at the end of 2011 as The Tides Sugar Beach.

Work on the project is well under way, and some of the major features have already been completed. These include a striking bar and club in the main building of the new hotel, where Roger Myers’ impressive personal modern art collection adds an uber-cool feel to the resort. Other amenities include two white sand beaches, beach club and lounge, gourmet restaurants, water sports centre, marine reserve for snorkelling, games room, children’s play centre and a swimming pool.

A focal point of the resort is the Rainforest Spa, which consists of tree house treatment cabanas connected by wooden walkways that snake up the side of the hill under the rainforest canopy.

The strong focus on detail and design extends to the hotel rooms, which are actually luxurious colonial villas incorporating individual plunge pools and vast terraces with incredible views. Architect Lane Pettigrew is responsible for the redesign of both the resort and the luxury Sugar Beach Villas that are nestled in small clusters among the 130 acres of rainforest around the resort. Butler stations for each cluster take care of the individual needs of each guest.

Each of the freehold hotel villas is available to purchase fully-furnished. Prices start at US$700,000 for a one-bedroom villa and go up to US$2.1million for a superior deluxe two-bedroom villa.

Owners are entitled to four weeks personal usage of their villa each year and will also receive a 37.5% share of the total room revenue, which will be pooled. The purchase price of the villa determines the points allocated to each owner in the pool. Owners will also benefit from a guaranteed minimum return of 5% until the end of 2012.

There are also 31 meticulously appointed Private Residences available to purchase. These secluded Residences feature open living and dining areas perfectly designed for entertaining, complete with infinity-edged pools. Each spacious detached island home affords spectacular Piton or oceanfront views and can be used as little or as often as you wish. If you would like to rent out your residence, The Tides will manage everything for you providing the best of both worlds; the seclusion of an exclusive island home and the five-star marketing and management to enhance rental when not in use. Prices range from US$3million to US$7million for a three, four or five bedroom residence.

A little further along the beach British Aristocrat Lord Glenconner, who originally discovered the site between the Pitons in 1982, has put his name to five contemporary freehold residences to be known as Glenconner Beach. These immaculate homes are positioned directly on the beach with uninterrupted views of the bay and the Pitons. Also designed by Lane Pettigrew with a modern twist on traditional Caribbean style with five or six bedrooms, the homes afford luxurious swimming pools and extensive terraces. Owners are also able to meet with Lane to discuss any minor alterations or changes to perfect their ideal Caribbean residence. Each has five or six bedrooms, with prices from US$7million to US$9million.

The Jalousie Plantation has enjoyed 20 years of successful operating history, with a proven demand for the resort and average annual occupancy rates recorded at around 70% for the last five years. The St Lucian Government is vetting new developments very carefully and has granted owners at The Tides Sugar Beach a 15 year holiday on income tax and a 50% waiver on annual property tax for five years.

Properties of this calibre, in terms of beachfront location and an elite hotel management brand are 30-40% more expensive in Barbados. The accessibility is also a key selling point with daily direct flights to St Lucia from the UK, USA and Canada. What’s more, the UNESCO World Heritage Status of the Val des Pitons ensures protection from neighbouring overdevelopment, giving Sugar Beach the exclusivity you would find in other wealthier Caribbean Islands such as Anguilla, St Barts or Mustique.

Destinations of the World News

Tuesday, June 1st, 2010

A sweet proposition

ST. LUCIA

by Megan Wynes | June 1, 2010


Discover a slice of paradise for sale on the Caribbean island of St Lucia

There are few places in the world where it’s possible to relax, switch off the BlackBerry and really wind down; The Jalousie Plantation, St Lucia is one of them.

Nestled within the Caribbean island’s UNESCO World Heritage listed Val des Pitons area, the plantation is flanked on either side by the majestic peaks of the Gros and Petit Pitons, while at its feet can be found a crystal-clear blue ocean, bursting with protected coral reefs.

Recently acquired by Roger Myers, founder of Café Rouge and Punch Taverns, this fabulous plantation is the site of a new resort development, dubbed Sugar Beach, which is to be managed by the Los Angeles-based Viceroy Hotel Group’s The Tides brand when it opens in late 2011.

Working with award-winning RIBA architect Lane Pettigrew – who also owns a home next to the plantation – Myers’ inspiration for the design of the hotel villas, private residences, spa, restaurants and bars, has been drawn from the island’s rich traditions, with local craftsmen and materials being used where possible.

The rainforest spa is a wonderful example of this: the treatment rooms, raised on stilts above the plantation’s natural springs, have been built to resemble the homes of St Lucia’s original inhabitants.

With thatched roofs and thick wooden walls, these treehouses can be found hidden in hills on the island, and many of the local Rastafarian islanders still call them home.

Several of the craftsmen involved in the spa’s construction, due for completion in September 2010, hail from these communities, and this is where you can see Myers’ passion for the people shine through.

He is a common sight around the plantation, chatting to the builders – in his signature straw hat and shorts – making sure that everything is coming along, as planned.

It’s easy to understand his passion; a substantial US$100m has gone into transforming Jalousie into what will be ‘one of the best resorts in the world’. A bold claim, perhaps, but one site visit is enough to convince even the most belligerent doubting Thomas.

It’s impossible not to be moved by the beauty of this place. Tropical palms scattered on the surrounding slopes conceal any signs of recent development, while the old plantation-style accommodation is lovingly transformed.

Each of the 85 freehold hotel villas, and 36 private residences currently being built is different from the next, and surrounded by developed tropical gardens they offer a level of privacy and seclusion found in few resorts in the Caribbean. From the beach, the villas are invisible, literally enveloped in lush greenery, and scattered up a steep incline, each boasting uninterrupted views of the ocean.

Expansive decks are positioned to soak up the amazing views, while immaculate colonial interiors and furnishings are thoughtfully laid out to allow guests to take in the exquisite surroundings, whether from a cushioned window seat or their own private plunge pool.

Although isolated from the central resort buildings, residents have access to 24-hour butler service – with each small cluster of villas afforded their own dedicated staff – while transport is always on hand to whisk them off to one of the resort’s restaurants or bars.

Several of these, now restored, provide a glimpse of the very high standards guests can expect once the resort officially reopens as The Tides Sugar Beach next year, and stand as testament to the hard work put in by Myers and the property’s new general manager, Andre Boersma (and his team from The Tides).

Our particular favourite was the Cane Bar in the old Plantation Room. Flanking the huge wooden door that serves as its grand entrance its a wonderful painting by a local Caribbean artist: a woman stitching a voluptuous sheath of red fabric that seems to float down the wall.

When lit by the stairway’s grand chandelier at night, you could almost touch the rich fabric.

Inside, stark white walls are hung with voluminous sheets of fabric that are reflected in the deep, mahogany wood floors, while huge velvet sofas and bar stools invite guests to relax with a glass of local Caribbean rum.

Yet more artwork dots the walls, handpicked by Myers from his private collection, while in the Late Night Bar, celebrity friends have posed for a series of portraits – all signed. Our favourite was a casual pencil sketch, by Lennon, hung next to the entrance to the roof terrace.

Just a stone’s throw from this den of delights is the newly refurbished Great Room, home to the resort’s fabulous fine-dining restaurant.

Offering a selection of flavours from the Caribbean to Central America and the Mediterranean, the chefs here are defining a new level of island cuisine. Using local produce where possible, head chef, Cupertino Ortiz, is taking advantage of the abundance of fresh fish and shellfish, adding a touch of Mexican zest, a healthy splash of Caribbean spice, and delivering a taste sensation.

The beach restaurant and bar was another haute highlight. Dotted with soft linen sofa seats, solid wood benches, and open to the elements, it has a wonderfully casual feel during breakfast and lunch service, while in the evening, it takes on a whole new atmosphere.

Listening to the sounds of the waves lapping on the beach, while enjoying a glass of chilled white wine and a simple plate of pasta or fresh ceviche, there’s nothing really quite like it.

GLENCONNER BEACH

It’s been more than 50 years since Colin Tennant (better known as Lord Glenconner) bought the Caribbean island of Mustique, and created a luxury island community welcoming both Royalty and celebrities alike.

With strong links to Jalousie Plantation, Lord G is now the face behind a new island community at Glenconner Beach (pictured above).

Only five luxury villas (four freehold, one leasehold) will be built on the site of Lord G’s former home, with access to their own private beach, a private jetty, and uninterrupted ocean views. Each five- to seven-bedroom villa (they range from 13,340 to 26,852 sq ft) is to be designed by Lane Pettigrew in true Caribbean style, with outdoor and indoor spaces merging seamlessly. There are also plans to develop a small shopping village, where local artisans, farmers and fishermen can sell their wares to guests. Villas start from US$7m and all will have access to the resort facilities at The Tides Sugar Beach.

WANT TO BUY?

The bonus

• No other building permissions will be granted on the 192 acres of rainforest and pristine beaches. • The government of St Lucia has granted investors a 15-year holiday on income tax and a 50 per cent waiver on annual property tax for five years.

The hotel villas

These one- or two-bedroom villas form part of a rental pool within which owners are entitled to four weeks free usage and a revenue split of the rental return, guaranteed at a minimum of five per cent net ROI from now until the end of the first year of operation of Sugar Beach. These villas start from US$610,000 and go up to US$2.1m.

The private residences

Owners are entitled to unlimited personal usage, or if the owner wishes, they can rent their property through The Tides. Residences are priced from US$2.3m for a two-bedroom property and up to US$9m for one with six bedrooms.

Dubai Property Weekly

Wednesday, May 26th, 2010

Mubadala venture sets sights on St Lucia

Ginetta Vedrickas

Freelance Writer

One of Abu Dhabi’s leading investment companies has found a choice spot for itself under the Caribbean sun. This comes in the wake of Mubadala Development Company picking up a 50 per cent stake in Los Angeles-based Viceroy Hotel Group, and together they will be focusing on an aggressive rollout of newproperties bearing The Tides and Viceroy brands.

First up will be a hotel on the sunkissed island of St Lucia. A sizeable sum of $100 million is being invested to turn the world-renowned and much-loved Jalousie Plantation into a world-class five-star hotel and residential development.

The Viceroy Hotel Group was “specially selected from a beauty parade of hotel operators,” says Naomi Cambridge, sales director of Sugar Beach villas, who believes this would give potential buyers confidence in the product. “We believe that we have found the perfect combination of partners to provide the expertise necessary to create one of the best resort developments in the world.”

That the developer is not reliant on ban finance to complete the development may also add to investors’ sense of security at a time when many prestige projects are faltering across the world.

Wide reach

The Viceroy Hotel Group is one of the fastest growing deluxe hotel brands, currently opening hotels across the Middle East as well as flagships in London and New York, while continuing to manage existing properties in Miami, Los Angeles, Mexico and St Lucia.

With the World Bank placing St Lucia in the Top 30 countries to invest, 37 of the 85 privately-owned, buy-to-let villas have already been snapped up. Completion is expected by the end of 2011.

The Sugar Beach villas’ selling agents, Cardea Property Consultants, believe buyers won’t just be attracted by lifestyle opportunities but also by the investment potential. The villas form part of the hotel’s rental pool, affording owners four weeks free usage and a revenue split of the rental return, guaranteed at a minimum five per cent net until the end of the first year of operation. St Lucia may not yet have the profile of other Caribbean destinations such as Barbados, but Sugar Beach’s sales director Naomi Cambridge says: “Over the last few years property in St Lucia has experienced a 15 to 20 per cent annual appreciation, which is set to continue.

Buying would be 30 to 40 per cent more expensive in Barbados, in comparable terms of beachfront location and the five star hotel management company.”

Safe haven

Cost aside, few other developments in the world have a protected Unesco World Heritage status. Naomi predicts that returns on rental villas will be around seven per cent by the end of third year and adds the island is a safe haven for investors. There is no VAT, capital gains, inheritance or estate taxes in St Lucia, and a stamp duty of two per cent is payable only on the land if construction has not started on your particular villa.

The St Lucian government has also granted buyers at Sugar Beach a 15-year holiday on income tax and a 50 per cent waiver on annual property tax for five years.

The villas start from $610,000 up to $2,100,000 for buyers opting to use the rental pool model, but totally private villas are also being offered for $2.30 to $9 million. Private residence buyers can still rent their properties with full management from the Tides brand. Resort facilities include a luxury spa, three restaurants, four bars and beach club, while no other building permission will be granted on the 192 acres of rainforest and pristine beaches surrounding the development.

Naomi believes UAE-based investors will be tempted to followin Mubadala’s footsteps, “The Abu Dhabi Sovereign Wealth Fund has a lot of cache with UAE investors, the fact that they have chosen to invest in the Viceroy Hotel Group highlights that it is a solid investment.”

Caribbean Property Magazine

Thursday, May 6th, 2010

Sugar Beach REFINED

Situated on the South-West coast of St Lucia, the celebrated Jalousie Plantation has been a favourite for discerning travellers for a number of years. In keeping with its reputation as a world-class retreat, The Jalousie Plantation is continuing with its quest for perfection by investing in a transformation that will reinforce its standing as the most magnificent real estate opportunity on earth.

“The major redevelopment if the Jalousie Plantation is already creating a lasting impression amongst returning guests,” says Naomi Cambridge, Sales Director. Stunning new bars and restaurants (sublime in every detail), richly embellish the experience of hospitality.

These inspired additions include Beach Restaurant and rustic Beach Bar set between the graceful Almond trees, the futuristic Cane Bar (with its cosy Late Night Bar) and of course the piece de resistance, the Rainforest Spa. This outstanding facility features tree-house treatment rooms, situated in a lush, jungle setting, overlooking a pristine natural waterfall. Many of our sales have been generated by guests who initially came to visit, but then fell in love with the resort and subsequently bought the villa as a result.”

On completion, the resort will be managed by internationally acclaimed “The Tides” (owned by the Los Angeles-based Viceroy Hotel Group), administering their signature sophisticated, yet informal style and re-branded as “The Tides Sugar Beach” – opening in 2011.

Part of the unobtrusive $100 million redevelopment is the transformation of the hotel accommodation into 85 luxurious, fully-furnished, freehold hotel villas with expansive ocean, Piton and rainforest views. Each villa can count on the qualities of its own private butler service and other outstanding details such as exceptional finishes including colonial fretwork, four-poster beds, air conditioning, flat screen TVs and iPod stations, spacious walk-in showers, claw foot bathtubs, lavish plunge pools and luxurious linens. The 85 villas form part of the hotel rental pool, affording owners four weeks free usage and a revenue split of the rental return, guaranteed at a minimum 5% net ROI from now until the end of the first year of operation of Sugar Beach. With built villas available for immediate purchase, this could be for up to three years. Prices start at US$610,000 rising to US$2,100,000.

Within the tranquil grounds of Sugar Beach, you’ll find thirty-one Private Residences which let you live out your dreams of a private island getaway, whilst taking advantage of the luxury that only an exclusive resort can afford. Taking their cue from the plantation houses of a bygone era, these exceptional two, three or four bedroom residences include a full gourmet kitchen outfitted with the latest equipment, beautiful hardwood flooring, Jalousie shutters and expansive outdoor living areas complete with large swimming pools. All have spectacular ocean and Piton views and are available from US$2,300,000 to US$6,000,000.

If as an owner you wish to rent out your Private Residence then rest assured, The Tides will manage your affairs, providing the best of all worlds; the seclusion of an island paradise, international marketing and management expertise (to enhance the rental when not in use) and exceptional facilities just steps away. A signature of the service The Tides provides are the ‘Personal Assistants’ who intuitively anticipate the needs of the guests, taking enormous pleasure and pride in delivering a service that is second to none.

Located adjacent to the resort, but set in its own exclusive community, is Glenconner Beach. It is here that you will discover five large majestic homes, whose inspired architecture is reminiscent of modern estates, reflected in some of the world’s most elite destinations – setting new standards for modern Caribbean living.

Each has between five and seven bedrooms and is priced at US$7-US$9m. Award-winning RIBA architect Lane Pettigrew’s designs showcase the very best of the indoor-outdoor living style so suited to the Islands. Four of the residences are positioned directly on the beach, ensuring uninterrupted sea views. The fifth residence, set on the idyllic hills above, has panoramic views out to sea and features steps leading down to the white sand beach. The exteriors offer a modern take on the distinctive French colonial style but can be designed to the owner’s bespoke specifications.

Lane Pettigrew says, “There is nothing comparable to these houses in St Lucia. If you were to look for something similar in Barbados, the market value would be at least £17m.”

Lisa Basire, Marketing Director of Sugar Beach Villas agrees. “Buying a similar property in Barbados in comparable terms of beachfront location with the proximity to a 5* deluxe hotel and use of all its facilities would be far more expensive. Furthermore, Glenconner Beach is being sold on a freehold basis which is extremely unusual in St Lucia as beachfront land is almost always owned by the Government and has to be leased from them.”

Lisa continues, “There is no VAT, Capital Gains, Inheritance or Estate Taxes in Saint Lucia and the Stamp Duty of 2% is only payable on the land if construction has not started on your particular villa. The Saint Lucian Government has also granted buyers at any of the three offerings a 15-year holiday on income tax and a 50% waiver on annual property tax for 5 years. More importantly, the developer is not reliant on bank finance to complete the development; therefore investors’ receive piece of mind in the knowledge that the resort will be developed as planned.”

However, what distinguishes Glenconner Beach and Sugar Beach from other exclusive developments in a truly unique location. Nestled on the shores of a picturesque bay, separating the iconic Piton mountains, investors are captivated by ‘an area of outstanding natural beauty’ that is a designated protected UNESCO World Heritage Site.

The Tides Sugar Beach is the vision of the English entrepreneur Roger Myers, (founder of the Cafe Rouge and Punch Tavern chains), who fell in love with the island, choosing to make St Lucia his family home more than eight years ago. Roger became sole owner of the Jalousie Plantation in 2008 and is passionate about the project, believing unequivocally that the resort’s dramatic transformation will redefine the concept of luxury in the Caribbean.

Roger says: “Our unique location attracted interest from prestigious resort operators around the world. We chose the Viceroy Hotel Group because their high standards, proven experience and the energetic enthusiasm of their leadership convinced me that together we can create one of the best resorts in the world. I am certain that their brand will provide our guests and owners with a truly special experience in this inspiring destination.”

For real estate enquiries please contact: Sugar Beach: UK: +44 (0)844 921 0124 – St Lucia – +1 (758) 285 4181 e: info@sugarbeachvillas.comwww.sugarbeachvillas.comwww.twitter.com/SugarBeachVillawww.facebook.com/pages/Soufriere-St-Lucia/Sugar-Beach-Villas

Luxury Living International

Thursday, November 5th, 2009

The New Jalousie Plantation – St. Lucia

St. Lucia’s unique ownership opportunity at a Unesco Site

by Elizabeth Fontaine

From the southeast coast of St. Lucia, two towering emerald peaks pierce the horizon. These famous dramatic volcanic cones-the Pitons-foreshadow the natural splendor that awaits on the island, splendor that gives St. Lucia a reputation as a near-perfect description of paradise. Amid this unique topography, lush rain forests rich with fruit trees and tropical plants spill down to secluded white beaches, forests that are home to exotic hummingbirds and parrots…all topped off with natural hot springs and an active volcano.

Perhaps the single nicest place on this fabulous island is Jalousie Beach, a stretch of rainforest and sand between the Pitons. Jalousie is known for its water clarity, white sand and steep ocean drop offs: waters that include a national marine park. The Jalousie Plantation is located on 192 acres of verdant rainforest that plummets down to the sea. Closer to the Petit Piton than the Gros Piton, the established resort has been undergoing a $100 million overhaul. The Viceroy Hotel’s internationally-acclaimed resort group, The Tides, has undertaken the renovation of the Jalousie Plantation, operating under The Tides Sugar Beach. A UNESCO World Heritage Site, The Tides Sugar Beach is offering once-in-a-lifetime ownership opportunities with the 2011 opening of the Sugar Beach Villas and Ocean Residences. One of only 174 such sites on the planet, the UNESCO World Heritage site designation ensures that the Jalousie Plantation area will never be at risk of over-development. The Ocean Residences and villas represent a rare opportunity to own a luxury property on a natural plot of land with outstanding universal value and appeal.

“The location is absolutely spectacular and the protection offered by the UNESCO status speaks for itself,” says Lisa Basire, marketing director of Sugar Beach. “Roger Myers is a visionary developer who is shaping one of the best resorts in the world, and with the Viceroy Hotel Group operating the resort, we have found the perfect partnership.”

The five-star world-class resort will have 85 villas scattered about the rainforest and five beachfront stand-alone residences, all designed with an emphasis in sustainability at the forefront. Spectacular views stretch away from the elevated location of the villas. With the Pitons on either side and the beach below, the views are among the nicest to be found anywhere. All villas and residences have panoramic vistas of both the Pitons and the sea, as well as deeded access to “Forbidden Beach.” Both the villas and the Ocean Residences are part of the The Jalousie Plantation, which includes a number of world-class amenities.

Activities here range from windsurfing, sailing, snorkeling and kayaking to tennis, archery, and billiards. Both casual and fine dining are available. The elegant Great Room serves Caribbean-influenced fare in an atmosphere of Old World colonial charm. A number of casual dining options are available as well, including the Bayside Grill for breakfast, lunch, or dinner on the beach. The Rainforest Oasis is the on-site spa and features breathtaking views of the Pitons. Signature treatments include salt scrubs and polishes, indian head massage, wraps, and hot rocks and cabana massages.

The local sulfur springs provide a unique opportunity to bathe in black waters straight from the heart of the volcano, then enjoy a hot sulfur mud bath and rinse off under the Piton’s waterfalls. The environmentally conscientious Sugar Beach Villas celebrate the al fresco lifestyle with luxurious large bath areas opening to spacious terraces. Private plunge pools complement the cool white walls and polished wood floors. These freehold villas are managed by the hotel when not in use, providing income and carefree maintenance. This system ensures that the property is kept up to the highest standards.

Villas are sold on a buy-to-let basis, and owners will benefit from a minimum five percent rental guarantee as well as a 37.5 percent share of pooled total room revenue, calculated on the purchase price of the villa. A total of 85 buy-to-let beach villas are available for private ownership, ranging from $610,000 to $2.1 million. The Ocean Residences at Sugar Beach are just steps from the beach.

Architect Lane Pettigrew has mastered the art of “ocean chic” and fashioned these elegant homes to maximize location, space and comfort. Dining areas open to enormous terraces, and all bedrooms have private balconies and bathrooms. A private swimming pool rounds out the offerings at the Ocean Residences. Full ownership provides unlimited usage, and when unoccupied The Tides will manage all rentals. The beachfront Ocean Residences are priced from $2.8 million to $6 million, and run to 5,241 square feet.

No matter what type of property you end up purchasing at Jalousie Beach, one thing is for certain: the views are something you will never forget and you’ll miss them anytime you leave.