The Caribbean Property Investor Issue 6

Money Profiting from your Property

Life & Style Travel, Fashion & Investing in Art

Prime Property Luxury Homes & Commercial Investments

The Caribbean THE DEFINITIVE GUIDE TO PRIME PROPERTY & LUXURY LIFESTYLE

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The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

cartier.com

Aruba - Barbados - Dominican Republic - Grand Cayman Bahamas - Puerto Rico - St. Barthelemy - St. Maarten

Diamond Collection

CON T ENTS 84

ON THE COVER Beachfront Bliss in Anguilla

Combining outstanding contemporary design, a breath-taking location overlooking Anguilla’s Meads Bay Beach and vast rental income generating potential, this ultra-chic home is one of the most spectacular properties on the market today

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Aruba Gandelman • Bahamas John Bull • Barbados Little Switzerland • Bermuda Crisson • Cabo Cancun UltraJewels • Cozumel UltraJewels • Curacao Old Freeport Jewelers • Grand Tropicana Jewelers • Key Puerto St.

West Little Switzerland • Mexico

Rico Reinhold Jewelers • Punta

Maarten Artistic, Art of Time • St.

Cana

City Saks, Centro Sante Fe • Playa

Little Switzerland • St.

San

Lucas

UltraJewels

Cayman Kirk Freeport •

John Little Switzerland • St.

Del

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Carmen UltraJewels

Lucia Harry Edwards Jewelers

Thomas Jewels, Little Switzerland • Tortola Little Switzerland • Turks

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Caicos Jai’s

C ON T E N T S

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IN BRIEF

MONEY

LIFE & STYLE

17 NOW Caribbean property market news and trends

33 Special Feature: Tourism Three of the Caribbean’s most successful destinations

59 Fresh Footprints in the Sand An interview with interior design guru Kelly Hoppen

22 Why I Love the Caribbean An interview with fashion icon Tommy Hilfiger

26 Time Out A showcase of our favourite new luxury watches

33 Turks & Caicos

35 Dominican Republic 38 Aruba

42 Second Citizenship Solutions Citizenship by Investment programmes 48 The Antigua Advantage Private banking by Michele Delco, Ansbacher Bank 50 Many Happy Returns Making your property pay its way 52 Carpe Diem – Currency Style Getting the best rate when buying currency

64 Club Tropicana Fashion for him: How to wear botanical prints and animal patterns 66 La Isla Bonita Fashion for her: Embrace bright island colours and bold blooms

68 At Your Service St Lucia’s Capella Marigot Bay takes pampering to a whole new level 72 One Week in… Grenada Hotelier Bernardo Bertucci on what to see and do on Grenada

76 The Secret’s Out Why art collectors are flocking to Cuba 80 Happy Hour

Four cocktail recipes from leading hotels

Team Founder: Walter Zephirin Editor-in-Chief: Robert Cooper Consultant: Brigitte Pool Design and Art Direction: Kuchar Swara, Ling Ko Illustration: Toby Morison, Sébastien Thibault Photo Retouching: Emily Zarb, Rebecca Westcott Advertising: +44 (0)20 8960 1010 Contributors: Micha-Rose Emmett Victoria Gaiger, Zoe Dare Hall, John Lyon, Jesus Padilla, James Slattery

Copyright © 2015 7th Heaven Properties Ltd. All rights reserved. Whilst every effort has been made to ensure accuracy of all contents, 7th Heaven Properties Ltd cannot be held responsible for any errors or omissions. All material published in The Caribbean Property Investor is copyright and reproduction, in whole or part, without written permission is strictly prohibited. The editors and publishers of this magazine make no representations regarding any goods or services advertised in this edition. All prices are correct at time of going to print, but subject to change.

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C ON T E N T S

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PROMOTIONS 40 Exclusivity Redefined Discover the Caletón Oceanside Apartments by Eden Roc at Cap Cana 46 Five Star Hideaway Christophe Harbour, St Kitts’s premier destination community

54 Living the Sweet Life Sugar Beach’s Roger Myers reveals the Glenconner Beachfront Residences 62 Good Clean Living How to create an elegant contemporary bathroom

84 Beachfront Bliss The Beach House, one of the most spectacular homes on the market 90 Barefoot Luxury Welcome to private international sporting club The Abaco Club

94 Architecture in Harmony with Nature Oil Nut Bay: World-class design meets unparalleled beauty

121 Pure & Simple The contemporary simplicity of a Kohler bathroom

122 The Brisk Business of Delivering Luxury Leisure Travel Apple Leisure Group’s rapidly expanding resort footprint

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RESIDENTIAL

COMMERCIAL

83 87 88 89 92 93 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117

119 How to Build a Hotel BCQS dispenses wisdom for any would-be developers and investors

Anguilla Antigua & Barbuda Aruba, Bonaire & Curacao The Bahamas Barbados Belize British Virgin Islands Cayman Islands Costa Rica Dominica Dominican Republic Grenada Jamaica Mexico Montserrat Nicaragua Panama Puerto Rico Roatán Saba St Barts St Kitts & Nevis St Lucia St Martin – St Maarten St Vincent & the Grenadines Trinidad & Tobago Turks & Caicos US Virgin Islands

120 Branding your Spa Steiner Spa Consulting on developing a spa concept 126 The Bahamas 460 acre private island for sale

127 Dominican Republic 355 acres of beachfront land for sale 128 St Lucia 17-key boutique hotel for sale

129 St Martin 26 acre former hotel site for sale

130 Luxury Retail in the Caribbean Opportunities in the Caribbean’s growing luxury retail sector

The Caribbean Property Investor Magazine is published by 7th Heaven Properties Ltd, the luxury Caribbean property specialist: www.7thHeavenProperties.com. Our extensive portfolio of residential and commercial property listings spans the entire Caribbean region, including the Central American countries with a Caribbean coastline. As experts in the market, we are ready to introduce you to the region’s most exceptional investment opportunities through our powerful network of handpicked, trusted partners.

To enquire about all properties mentioned in this magazine, or to advertise in future editions, please contact: UK: +44(0)20 8960 1010, US/Canada: 855 364 8776, E-mail cpi@7thHeavenProperties.com

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W E L C OM E & G U E ST C ON T R I BU TOR S GUEST CONTRIBUTORS Dr. the Hon. Rufus W. Ewing Premier, The Turks and Caicos Islands (TCI) A qualified physician, surgeon and public health professional, Dr. Rufus W. Ewing serves as Premier of the TCI. A graduate of the University of the West Indies Medical School ( Jamaica) and Johns Hopkins Bloomberg School of Public Health (USA), he has worked in healthcare for many years, including as Director of Health Services and now as Minister of Health – a role he undertakes alongside his position as Premier.

Welcome Welcome to the sixth issue of The Caribbean Property Investor magazine, the definitive guide to prime property and luxury lifestyle in the Caribbean from 7th Heaven Properties.

As I write this I am gazing out the window at a golden sand beach and turquoise sea, having spent the past few months in the Caribbean visiting new real estate developments and showing clients around properties. I am currently in Las Terrenas in the Dominican Republic and it is great to see the energy here. Tourism is booming and several new hotels and residential projects have recently been launched.

The DR is not the only Caribbean location to be seeing such exciting new developments. Boosted by record-breaking visitor arrivals, government incentives and increased air service, the region as a whole has achieved unprecedented growth in overseas visitor arrivals and an encouraging increase in property sales.

New tourism and real estate projects are underway across the region, including but certainly not limited to Antigua, Barbados, Cayman Islands, Dominica, Mexico, St Kitts & Nevis and Turks & Caicos. In even more encouraging news, recent announcements report a strong pipeline of hotel rooms under construction across the region and plans for new real estate projects set to break ground or launch sales next year.

This issue provides a flavour of just some of these developments.

Please get in touch with us regarding any of the investment opportunities featured in this edition. Whether your interest lies in an existing property or a new development, we would be delighted to assist you with your search for Caribbean real estate.

Our mission is to offer a highly personalized service, so please email or call us so we can fully understand what you are looking for and make your dream of owning property in the Caribbean a reality. The view out of the window is just too spectacular not to share.

We look forward to hearing from you.

Walter Zephirin Founder 7th Heaven Properties The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

As part of our tourism special feature, we spoke exclusively to the Premier about how the TCI became the Caribbean’s fastest-growing destination (page 33).

Francisco Javier García Minister of Tourism, Dominican Republic Having studied Economics at the Autonomous University of Santo Domingo and Law at the University of the Caribbean (UNICARIBE), Francisco Javier García embarked on a career in politics. He has held various roles in government including Minister of Industry and Commerce. Since 2008 he has served as Minister of Tourism with overall responsibility for the development of tourism infrastructure and promotion.

Here the Minister explains how the Dominican Republic became the Caribbean’s most visited country (page 35).

Otmar Oduber Minister of Tourism, Aruba Otmar Oduber has been involved in the development of public sector and macroeconomic policies in Aruba for over 20 years. Having held various government roles, he was appointed as Minister of Tourism in 2009 and again in 2013. Making use of the linkages between the different areas in his ministerial portfolio, he is creating synergies between tourism and culture in order to enhance Aruba both as a destination and as a place to call home.

Wrapping up our special feature, the Minister explains the secret to Aruba’s success in tourism (page 38).

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F ROM T H E E DI TOR & G U E ST C ON T R I BU TOR S James Slattery, MRICS Director, BCQS International Having lived in the Caribbean (including Turks & Caicos and Cayman for over 25 years, James is a director of BCQS. He heads up the São Paulo office, overseeing the Group’s Latin America interests. A Project Manager and Quantity Surveyor by profession with 3 decades’ experience in property development, real estate and construction, he has opened and managed hotels in the Caribbean and appreciates the hands on experience required.

For this issue, James dispenses some wisdom on how to build a hotel in the Caribbean (page 119).

From the Editor For devoted fans of the region such as ourselves, the Caribbean holds a special place in our hearts for many, often contrasting, reasons, from the tranquillity and peacefulness of a quiet beach to the magnetic energy and vibrancy of a salsa bar in the Latin Caribbean.

In this issue we look at how and why the region has captivated so many people. We begin with a roundup of what’s new in the Caribbean property world (page 17), including the drivers behind the record-growth in tourism to the region. We also talk to Tommy Hilfiger, the world-famous fashion icon and devotee of the islands, on why he chose to buy a home on Mustique and what keeps him coming back to the Caribbean each and every year (page 22).

Our Money section includes a special feature on what flourishing tourism in Turks & Caicos, the Dominican Republic and Aruba means for property investors (page 33). We also look at how Citizenship by Investment programmes in St Kitts & Nevis, Dominica and Grenada are encouraging investors from around the world to call the Caribbean home (page 39).

In Life & Style, we talk to British interior design guru, TV personality and entrepreneur Kelly Hoppen about how to create a Caribbean home you will never want to leave (page 59).

Finally, in our Commercial section, we speak to a range of experts about creating even more reasons to spend time in the Caribbean. We look at how to go about developing your business in the Caribbean, whether that be a hotel (page 119), hotel spa (page 120) or opportunity in luxury retail (page 130).

Robert Cooper Editor-in-Chief

Micha-Rose Emmett Group Managing Director, CS Global Partners A dual-qualified attorney in the UK and South Africa, Micha-Rose Emmett has years of practice in the fields of citizenship, residence, immigration and foreign investment law. She has travelled extensively to provide consultancy services to governments and private firms in jurisdictions including the UK, the UAE, the Caribbean, Africa, Asia and continental Europe. In her role as government advisor, Micha has spearheaded many of the recent developments in the field of citizenship by investment, which she believes can offer a win-win result to governments seeking to attract investors, and to individuals seeking to find a new home.

Here Micha-Rose discusses the benefits of citizenship by investment programmes (page 42).

Jesus Padilla Vice President, Steiner Leisure Jesus Padilla is VP of Steiner Spa Consulting and has served as VP of Finance for Steiner’s Western Hemisphere Land Based Spas division since 2006. He is involved in all operational and financial aspects of the business. Previously, he worked at Ernst & Young LLP as a Manager in the Transaction Advisory Group and as Senior Auditor for the Assurance Group.

In our Commercial section Jesus shares key insights on developing and managing a profitable spa (page 120).

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THE SMALLEST THINGS LEAVE THE GREATEST IMPRESSION. A white sandy beach is your backyard. A Caribbean sunrise is your wake-up call.

Welcome to Christophe Harbour. Approved for Citizenship by Investment. +1 869.466.8738 | ChristopheHarbour.com The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

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Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of this property. This is not intended to be a solicitation or offer for purchase in states and/or jurisdictions where registration is required. Prices, plans, products, and availability are subject to change without notice. Illustrations are artist’s renderings only and may differ from completed product. Use of recreational facilities and amenities may be subject to separate club membership requirements, payment of fees, and/or other restrictions.

IN BRIEF

NOW TOMMY HILFIGER LUXURY WATCHES

NOW ◊

◊

A roundup of the latest market news & trends in brief from around the region

by Zoe Dare Hall

Hola Havana The thaw in US-Cuba relations is leading to a tourism boom, but barriers to real estate investment remain After 55 years of frostiness, a sudden warming in relations between the United States and Cuba has directed attention towards the Cuban tourism industry. The Communist island saw an 18% increase in visitors to 2.62 million in the first nine months of 2015. Canadians lead the pack, followed by Germans and Britons. Cuba’s Tourism Minister has pledged to build 13,600 additional hotel rooms, attracting the attention of global hotel operators. However, opportunities in this largely untapped market do not come without risks. Cuban infrastructure

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will take decades to bring up to international standards and bureaucracy remains a huge hurdle. Foreign companies, for example, must partner with a Cuban entity to do business. The Cuban real estate market is also tightly controlled by the government and except for a small number of condos, foreign ownership of property is still not permitted. Although Cuban nationals can now buy and sell property for the first time since the 1960s, it is expected to be quite some time until a second homes market for overseas buyers develops.

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

IN BRIEF NOW

Passports Please St Lucia is the latest Caribbean island to offer overseas investors the chance to become a citizen - and it has set its bar high From January 2016 up to 500 affluent foreign investors a year with a minimum net worth of $3m USD will be entitled to apply for St Lucian citizenship. The threshold is intentionally high as it “distinguishes St Lucia from other programmes,” said Ernest Hilaire, chairman of the island’s Citizenship by Investment Unit. St Lucia follows in the footsteps of Antigua & Barbuda, which launched its citizenship programme in 2013 with a minimum investment requirement of a $350,000 USD in approved real estate projects, including within the emerging 1,600-acre Antigua Special Economic Zone.

Dominica recently broadened its offering so that investors in real estate worth at least $200,000 USD can qualify, while Grenada revived its scheme in 2013, which requires a minimum investment of $350,000 The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

USD. The blueprint for such citizenship programmes comes from St Kitts & Nevis, which, according to the Federation’s Prime Minister, is “still the largest processor of applications in the region” and requires a minimum investment of $400,000 USD in property.

For details on real estate investment opportunities eligible for any of these Citizenship by Investment programmes, contact 7th Heaven Properties: UK: +44(0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Up, Up and Away Record tourist numbers have seen the Caribbean outpace the rest of the world for growth in visitor arrivals 2014 was a record-breaking year for tourism in the Caribbean. The region attracted more visitors than ever – 26.3 million – representing an increase of 5.3% over the previous year. Total tourist spend also broke previous records, amounting to a whopping $29.2 billion USD, according to the Caribbean Tourism Organisation (CTO).

The Dominican Republic attracted the largest number of visitors (more than 5 million), followed by Cuba (3 million), Jamaica (2 million+), The Bahamas (1.4 million), Puerto Rico (1.68 million) and Aruba (more than 1 million). The US is the region’s main market, with 13 million Americans accounting for nearly half of the total arrivals, many of them travelling through countries such as Jamaica and the Cayman Islands to Cuba following the thawing of relations between the US and the

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Caribbean island. Canadians also arrived in far greater numbers than the previous year with 2.1 million making a beeline for the region. The sector has continued to grow in 2015, which, combined with increasing flight options and a pipeline of 164 new hotels and resorts across the Caribbean and Mexico, is stimulating interest in real estate on many islands. The US, Canada and Europe account for the majority of enquiries.

For details on investment opportunities in any of these locations, contact 7th Heaven Properties: UK: +44(0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

GOLF · BEACH · SPA · ISLAND HOMES & COTTAGES · CLUB MEMBERSHIPS

THE PERFECT ANTIDOTE FOR MODERN-DAY LIFE. The Abaco Club isn’t a resort. It’s a private sporting club in The Bahamas with beautiful island homes and cottages— plus a wealth of heavenly amenities. But you are welcome to visit as a guest and discover all that the club has to offer, Nearly every home and cottage at The Abaco Club offers a stunning ocean view.

from golf and spa to deep-sea and bonefishing. All within steps of the club’s private 2.5-mile beach. It’s everything you need to leave the world behind.

To book your visit, or for more information on Abaco Club memberships or real estate opportunities, contact our Club Concierge at 242-367-0077, or email info@TheAbacoClub.com. www.TheAbacoClub.com This is for information only and not an offer to sell property to, or a solicitation of offers from, residents of any area that requires prior registration of real estate.

Real estate and homes at The Abaco Club may only be purchased in The Bahamas. Obtain the property report or its equivalent and read it before signing anything.

IN BRIEF NOW

Window of Opportunity In every challenge there lies opportunity - as developers, hoteliers and investment funds are finding in the Caribbean Having been hampered by stalled projects and sluggish economies, several Caribbean territories have begun to turn the tide. The Bahamas’ $3.5 billion USD Baha Mar project, which went into receivership in October 2015, faces possible reprieve from investors while Resorts World is set to increase its investment in Bimini.. A new project called The Pointe also progresses towards completion, while Eleuthera is due to see a new landmark $100m USD Four Seasons resort.

Over in recession-hit Puerto Rico, whose government has struggled with a mountain of debt, opportunist investors such as billionaire hedge fund manager John

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Paulson have acquired several of the best hotels, spotting future potential in the US territory. After six years of recession, Barbados’s tourism sector is also on the rise again, with a 14.3% increase in visitor arrivals in the first half of 2015. Increased demand for accommodation has stimulated the creation of 2,300 extra hotel rooms, including the new Sandals Barbados and a new Hyatt and $200 million USD Wyndham Grand Resort are in the pipeline. Increased airlift from Caribbean Airlines, Avianca, Jet Blue and Air Canada is another clear sign of the island’s tourist revival.

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

IN BRIEF TOMMY HILFIGER

Why I Love the Caribbean

An interview with Tommy Hilfiger – the worldfamous fashion icon and creative genius behind the multi-billion dollar designer lifestyle brand – on his island hideaway home in the Grenadines and his Caribbean-inspired collection for Spring 2016 RO B ERT CO O P ER

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Left and right: Hilfiger Collection Spring 2016 Images courtesy of Tommy Hilfiger Team

For over 30 years New York born and bred designer Tommy Hilfiger has nurtured the growth of his namesake fashion business, building it into a global clothing and lifestyle brand that has become synonymous with a classic American preppy style (with a twist). Most people in such demanding roles seek out a special, private place to unwind and rejuvenate. For Tommy Hilfiger, that place is the exclusive private Caribbean island of Mustique in the Grenadines island chain. We asked him about his love of the island.

What is it about Mustique that you like so much and why did you choose to build a home there?

“I came to Mustique 30 years ago for a vacation, and I fell in love with the island. It’s peaceful, private and absolutely beautiful. I knew it would be a great place to spend holidays with my family.”

Hilfiger has returned to Mustique year in year out ever since. He visits “about four times a year,” he says. He loves the island so much

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he bought a home there. Palm Beach, Hilfiger’s 8-bedroom beachfront residence, is set on 6.5 acres of land studded with 250 palm trees. The house is built in the classic style of architect Oliver Messel who was commissioned by Lord Glenconner to produce plans for 30 houses on Mustique, including one for Princess Margaret.

Hilfiger purchased the plans and had them adapted to meet his personal preferences. We asked him about the house.

What’s it like and what was the inspiration for it?

“It’s called Palm Beach and it is a combination of British-colonial and old-world Caribbean architecture. I wanted something chic, but it had to be in harmony with its surroundings.”

The property exudes style and elegance, but with a pool overlooking the beach, tennis court, home cinema and well-stocked library, the house is kitted out with all the essentials required of a private sanctuary from the fast pace of New York.

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

Left and right: Palm Beach Images courtesy of The Mustique Company

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IN BRIEF TOMMY HILFIGER

“I love the vibrant Caribbean colors, the relaxed culture and the laidback island vibe”

How do you like to spend your time on Mustique?

“My home on Mustique is where I go to relax and unwind with my family. We play volleyball, ride bikes and paddleboard. In the evenings, Dee and I love to stop by Basil’s Bar and grab a cocktail with our friends. We love Basil Charles, the owner.”

While Mustique has been the Caribbean destination that Hilfiger has visited most frequently over the years, he has spent many vacations exploring other parts of the Caribbean too.

islands have also provided him with creative inspiration. His Spring 2016 Hilfiger Collection is infused with Caribbean colour and flavour and at his New York Fashion Week runway show, sun-kissed models in crochet string tops and bikinis, tropical flower print dresses and Hilfiger classics updated with island-inspired detailing strutted down a wooden deck catwalk alongside a giant pool and tiki bar hosted by none other than Basil Charles. We asked him about his “Mustique” collection.

Can you tell us about the inspiration for your Spring 2016 collection?

“The collection is a celebration of island life,” he explains. “We were inspired by holiday styles from the ‘70s, reimagined with a modern twist that’s sophisticated and fresh. It’s all about eclectic, handcrafted luxury with a laidback, effortless ease.”

Which other Caribbean islands do you enjoy visiting?

“I love Jamaica and St Barts,” he says.

So, what exactly is it about the Caribbean that you love so much?

“I love the vibrant Caribbean colors, the relaxed culture and the laidback island vibe – it’s easy and effortless.”

The Caribbean has provided Hilfiger with a peaceful escape from the stresses and strains of life at the top of the fashion world. The

To discover Tommy Hilfiger’s Spring 2015 collection, visit www.tommyhilfiger.com. For details on Palm Beach, see www.mustique-island.com

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The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

IN BRIEF LUXURY WATCHES

Time Out Feel like time has a tendency to slip away in the Caribbean? Whether exploring the ocean depths or making a sizzling statement on shore, the right wristwatch will help you make the most of your precious stay and ensure you do so with style and panache. Here we showcase a selection of our favorite new models that would serve as worthy accessories for any island escape

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Image courtesy of Fabrice Guerin www.fabriceguerin.com

John Lyon

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Depth of Color – 6 New Men’s Dive & Yachting Watches In the past few years, the industry’s top watchmakers have debuted a slew of new dive watches in color schemes that reflect the rich blues and inky blacks of the Caribbean’s undersea wonderland. That trend continues unabated with several new models in aquatic blues and blacks. Here are 6 of our favorites

Into the blue

the new black

Tudor Pelagos Originally only available in black, Rolex subsidiary Tudor recently added a new version of its Pelagos dive watch with a matte blue dial to its lineup.

Made in light titanium, the Pelagos is water resistant to 500 meters.

Rolex Yacht-Master Targeted more at yachties than professional divers, Rolex has grabbed attention with a new version of its Yacht-Master dive watch. Waterproof up to a depth of 100 meters, the timepiece features a very sexy 18ct Everose gold face, black ceramic bezel and high performance “Oysterflex” metal blade encased in a matt black elastomer strap.

Blancpain Ocean Commitment Bathyscaphe Chronographe Flyback Limited to just 250 individually numbered copies, Blancpain’s limited edition Ocean Commitment chronograph features a sultry blue ceramic bezel evocative of the ocean’s deepest depths. Delivering the feelgood factor, each purchaser becomes a member of the Ocean Commitment Circle and a portion of its proceeds will be donated to oceanic conservation initiatives.

Omega Seamaster 300 Spectre Limited Edition Celebrating 20 years as the watchmaker of choice for James Bond, Omega has released a special edition of the Seamaster 300 — worn by Daniel Craig in the newest 007 film Spectre — that features a minimalist black dial, black polished ceramic bezel and 5-stripe black-and-grey NATO strap.

Ulysse Nardin Blue Ocean The latest addition to the Marine Diver Collection, Ulysse Nardin’s striking Blue Ocean features a stainless steel case coated with vulcanized rubber and a unique wave-patterned blue dial offset by rose gold hour and minute hands and rose gold markings. Limited to 1,846 pieces, each piece is individually numbered on the side of the case.

Breguet Marine 5823 200 years after Abraham-Louis Breguet was appointed by King Louis XVIII to make chronometers for the French Royal Navy, the manufacturer bearing his name has introduced the special edition Marine 5823.

Water-resistant to 100 meters, the watch sports an intricate guilloche-engraved black dial, platinum case and black rubber strap with a diamond motif.

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IN BRIEF LUXURY WATCHES The Bold & the Beautiful – 5 Women’s Watches in Sizzling Summer Colors Epitomized by the kaleidoscope of striking, vibrant shades of Carnival costumes, the Caribbean is all about the bright and the bold. Reflecting this tradition, a host of watchmakers have released brand new models in vivid colors. These 5 colorful timepieces are fun, eye-catching and perfect for sunny climes.

Hublot Big Bang Tutti Frutti Rose One of the most iconic watch styles ever created, the Hublot Big Bang collection recently welcomed the Tutti Frutti Rose, a women’s variation in 18k red gold accented with 48 pink baguette sapphires and a vibrant pink alligator strap. For something even more colorful, take a look at the new Andy Warhol-inspired Big Bang Pop Art collection.

Dior VIII Grand Bal Pièce Unique Envol No.5 A hypnotizing new standout in Dior’s Grand Bal line, this haute couture watch is decorated with iridescent Ancient Egyptian scarab beetle marquetry, a small embedded rose cut diamond and brilliant baguette-cut diamonds on the bezel. With shocking pink hands, a dash of bright yellow and vibrant green satin strap this timepiece is sure to delight.

DeGrisogono Allegra S02 Distinguished by the playful use of brightly colored, interwoven leather straps, Allegra is available in a selection of dazzling colors, including gum pink and sunshine orange, as well as more subdued tones. The Allegra S02 shines with a canary yellow and lime green strap set with yellow sapphires and tsavorites.

DeGrisogono Grappoli The Grappoli collection features dazzling shades of gemstones arranged like bunches of grapes.

Comprising 9 one-of-a-kind creations, each piece is set with 70 briolette-cut and hundreds of precious stones such as rubies and sapphires that deliver playful movement and reflect the light to stunning effect.

Jacob & Co. Brilliant Mystery Baguette Jeweler to the stars Jacob & Co. has added intrigue to its women’s offerings with the Brilliant Mystery Baguette high jewellery collection that captures the colors of the Caribbean on a mystery dial (which seemingly moves without any connection to a traditional mechanical movement) decorated with a choice of gemstones. The red variation features a center dial set with 51 baguette rubies.

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Swimsuit by MARA HOFFMAN (Photography: Olivia Malone, Creative Directing/ Styling: Richard Ruiz, Makeup: Mayia, Hair: Anthony Campbell, Jewelry: Dinosaur Designs, Model: Juana Burga for New York Model Management)

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The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

Image courtesy of Parrot Cay

by COMO, Turks & Caicos • The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

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IN BRIEF LUXURY WATCHES The Night Watch As the sun sets in the Caribbean, the sky is filled with golden-hued streaks that gradually give way to glittering stars. Here we showcase 3 magnificent new evening watches for men in golden hues that evoke the region’s captivating sunsets and 3 exceptional women’s watches that glitter like its diamond-filled night sky.

John Lyon is the senior editor of RobbReport.com, one of the world’s leading online luxury publications. He covers a wide range of topics relating to the finer things in life, with a particular affinity for the precision and technical beauty of high-end mechanical timepieces.

pure gold ‒ for him

star quality ‒ for her

Audemars Piguet Royal Oak Perpetual Calendar Audemars Piguet has introduced an updated version of its Royal Oak Perpetual Calendar with a larger case, lending an even clearer view of its day, date, and month displays. Available in 4 different versions, the new Perpetual Calendar features 4 calendar subdials framed by the iconic Royal Oak octagonal bezel.

Piaget Secrets of Venice High Jewellery Cuff Watch Women seeking to make a latenight impression need look no further than Piaget’s eye-catching addition to its new Secrets and Lights Haute Horlogerie collection. This outstanding high jewellery cuff watch features an intricate 18k whitegold lattice case set with sparkling brilliant-cut diamonds.

Patek Philippe Nautilus 5711/1R-001 The newest addition to Patek Philippe’s timeless Nautilus line is sure to make a statement at any cocktail party. An update to the classic Gérald Genta– designed model first released in 1976, the new Nautilus maintains the feel of the original, while managing to shine with a new rose gold case and bracelet complemented by an unadorned chocolate brown dial.

Chanel J12 Similarly sparkling is Chanel’s J12 Jewelry collection, which comprises a selection of ornate variations in different color combinations. Encrusted with diamonds, the 18k white gold and high tech ceramic version is sure to dazzle.

Cartier Clé de Cartier The essence of simplicity, Cartier’s new Clé de Cartier collection boasts dials finished with sunray patterns and exceptionally clean case lines that suggest fluidity. The supremely elegant pink gold version features an 18k solid gold bracelet, deep blue hands and matching Roman numerals.

Chopard Finally, making a picture perfect arrival is the Chopard Red Carpet collection watch. Set with a circular pavé-diamond dial surrounded by shimmering diamond flowers, this beautiful timepiece twinkles like the starry island skies.

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The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

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MONE Y

SPECIAL FEATURE:

Tourism Stars As the Caribbean region welcomed a record number of overseas visitors and its tourism industry notched up growth that outpaced the rest of the world, we spoke to representatives of three of the most successful destinations about their approach to tourism and what this could mean for real estate investors

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TOURISM STARS CITIZENSHIP ANTIGUA & BARBUDA ROI FOREIGN EXCHANGE

I TURKS & CAICOS

Dr. Hon. Rufus W. Ewing Premier The TCI tourism sector grew by 40.6% in 2014 and is the Caribbean’s fastest-growing tourist destination.

In 2014, you hosted over 1.4 million visitors (435,000 of them stayover visitors). How did you achieve such phenomenal success?

There are many reasons for that success. Firstly due to our nature, we are a well sought-after destination. So, Turks & Caicos is often at the top of the list of destinations of preference. Our geography has something to do with it as well. We are located in close proximity to our major source market which is the United States.

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

MONEY TOURISM STARS

Turks & Caicos Visitor Arrivals* 971,838

1,000,000

778,920

800,000 600,000 400,000

290,587

435,475

200,000 0 2013

Stop-over

Cruise

2014

You mentioned that the US is your major source market. In order to build future growth, are your plans to build more in the US or diversify?

We are definitely looking to diversify. We continue to build more in the US connecting more cities so that there are more routes from our major source market.

We are looking to diversify so we are focussing on the South American market. We have been doing a lot of marketing in the South American market. So much so that next year the Premier’s Road Show will take place in South American markets and we are also looking at getting airlift connectivity in the South American mar-

ket to the Turks & Caicos. There are a few interested carriers that are ready to see how we can get that connectivity between the Turks & Caicos and the South American market. We also continue our efforts to market the Turks & Caicos to the European market. Over the past three years when you look at our statistics from countries like Italy, you can see our achievement. That has been helped by a shift from London Heathrow to Gatwick and via Antigua instead of The Bahamas, which has enabled us to have a larger carrier, a 777, out of London Gatwick. We have increased the flights from once per week to twice per week. So that has enabled us to bring more tourists from that market.

That’s great that you have achieved such growth last year. Have you assumed the same level of growth over 2015?

Yes definitely. We are well on track. The trends indicate that 2015 will end up being an improvement and an increase over 2014.

Do you have a particular target in mind for 2016?

When we look at the increase over the last two-three years, there has been an overall increase of 25% or so when you look at the overall stats – this of course includes both the overnight and the cruise stats. I don’t have a figure in mind for a % increase for 2016.

How do you plan on achieving that growth over the next few years?

Now that we have had increasing growth, our occupancy rates are sky high. We find that we used to have a longer slow season which traditionally spans from July through to October. But now our slow season seems to be really restricted to September. We are achieving occupancy above 60% well into August. So what we need to focus on is bringing more rooms, more inventory to the destination, because we haven’t had any significant increase in room keys over the past five or so years. The Shore Club was the last development to start and is on track to be completed very shortly and that will add room keys to the destination. The others that are lined up to start early next year include the Ritz Carlton and one or two others.

Are your plans mainly focussed on the island of Providenciales or are you looking at the other islands as well?

We are looking at the other islands as well. We are looking in particular at the island of Grand Turk. There are a number of projects that are listed that will help to increase overnight visitors to Grand Turk. We are in in discussions with airlines to increase flight service from the United States to Grand Turk. So, we are looking to increase airlift and marketing support for Grand Turk.

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

* Source: Turks & Caicos Tourist Board Statistics Office

We are just one flight away from the entire eastern seaboard of the United States. So, our ability to get direct airlift from the eastern seaboard of the United States and Canada straight to the Turks & Caicos is a major advantage. Over the past few years we have been increasing the number of flights and routes, including the latest out of Chicago this winter and Dallas Houston, in addition to the eastern seaboard of the United States and that has resulted in a significant increase in tourism. It is also due to our marketing efforts over the last few years. We do an annual Premier’s Road Show.

I go personally with members of the Hotel & Tourism Association and we go city to city. We do more than six cities in five days to market the Turks & Caicos Islands as the place to be. Some of the resorts such as Beaches, which is a major player in the market, also do some significant work along with the government to market and promote the Turks & Caicos. So persons come here and experience the services that are provided, the exclusive, luxury treatment that is given and the lovely beaches and this is what gets them to love the Turks & Caicos. A significant portion of our market is repeat guests and so we have persons who love to stay and come back again and that helps our real estate market as persons want to come back again and again and again.

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On the island of South Caicos we are doing some development to renovate and extend the runway and develop a terminal to facilitate more flights into South Caicos to support the development of South Caicos.

Regarding North Caicos, we are working with some hoteliers to redevelop the airport and to encourage resort development and tourism on North Caicos. So the focus is across the islands.

On a slightly separate matter, there has been a lot of coverage in the press recently regarding the warming of relations between the US and Cuba? Given that the US is such an important source market for you, do you expect that this might be something that could enhance your tourism product or might be a challenge to future growth?

I don’t think it will affect our market that much. The kind of tourists that come to Turks & Caicos is a little different to the kind of tourists that go to Cuba to a certain extent, even though you have nice beaches. We cater to higher end clientele through our tourism product. So, I don’t think the effect will be that great.

I want to return to where you started. What does all this mean for property buyers? I know the latest reports on the real estate market suggest that the luxury real estate market has grown by almost 50% over 2015. What do you feel that the growth in the tourism sector means for property buyers?

Well, we find that those two normally go hand in hand.

When we see there is an increase in tourism numbers, we find there is a significant increase in the number of properties being bought on island. As I stated before, this is due to persons visiting for the first time, falling in love with the island and would like to return and purchase a second home in the Turks & Caicos Islands. We have a number of persons who are attracted to the Turks & Caicos and purchase property. Tourism in terms of real estate is a big market, a big issue for us.

One of the reasons we have been able to accommodate such a big increase in tourism arrivals without actually increasing our hotel room inventory that much over the past five years is because we have a lot of properties and land being bought and houses being built and persons are using them as second homes and renting them as vacation villas. We have lots of high end luxury villas in the Turks & Caicos Islands. These are high end homes.

These are homes that can fetch $1.5 – 2 million USD for a 3 bedroom home.

Are there any particular initiatives from the TCI government to boost the luxury real estate sector further?

There are some initiatives. We are looking at making some adjustments to the concessionary rates that would normally apply for import for micro resorts. We are going fully ahead with some of them and we are likewise encouraging long-term residents with subsidies.

2 DOMINICAN REPUBLIC

Francisco Javier Garcia Minister of Tourism The Dominican Republic is the Caribbean’s top tourist destination. How many visitors does the country attract annually and what level of growth has the sector achieved in recent years?

Our airports recorded a record 5,141,377 non-resident arrivals in 2014, which is a 9.6% increase over 2013.

We’ve already seen 8% growth in Dominican Republic’s tourism numbers thus far in 2015. As recently as September 2015, travel was up 17% compared to the same month of 2014. With the tourism sector at its strongest in 40 years, the country is on track to reach its goal of welcoming 10 million tourists annually within the next decade.

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What are the Dominican Republic’s most important source markets?

Our single-largest source market is the United States, comprising approximately 35% of total visitors. Canada and Europe are also major source market, representing 14% and 23% of total visitors respectively.

Why is the country such a popular choice for overseas visitors? What features and amenities attract tourists?

As far as attractions are concerned, Dominican Republic is a destination that truly does have it all and we pride ourselves on making sure our visitors are sat-

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

MONEY TOURISM STARS

Dominican Republic Visitor Arrivals* 6,000,000 5,000,000

4,689,770

5,141,377

4,000,000 3,000,000 2,000,000

423,910

1,000,000 0 2013

Stop-over

435,494

Cruise

2014

Which major international brands and investors have you recently succeeded in attracting to the Dominican Republic’s tourism sector?

We’ve welcomed a large number of major international brands to the country, many of which are from the USA

and Europe. For example, international hotel brand Marriott recently opened a JW Marriott in Santo Domingo and Gansevoort opened a resort at Playa Imbert on the northern coast. Spanish hotel chain Bahía Príncipe also has a large presence in the country. In other sectors, taxi service Uber and Canadian fitness center operator Planet Fitness both entered the Dominican Republic market in 2015.

What improvements and investments have been made to support the future growth of the tourism sector?

Dominican Republic is continually adding new hotels and resort expansions in the key tourist destinations of Punta Cana, Santo Domingo, La Romana, Puerto Plata and Samaná in preparation for an increase in visitor numbers over this decade.

In addition to continuing the expansion of our “Dominican Republic Has it All” marketing efforts in North and South America, we have also worked to reposition our brand in European markets.

We also continue to invest in efforts to improve our tourism infrastructure. For example, we have recently made improvements aimed at making travel faster, safer and more efficient. Santo Domingo can now be reached from Punta Cana in a 2 hour drive thanks to a new highway linking our 2 most important destinations.

On the northern coast, Puerto Plata has taken steps to develop new cultural attractions for tourists, including cruise visitors who disembark at Carnival Cruise Lines' new $65 million USD Amber Cove Cruise Center along the Bay of Maimon near Puerto Plata, which welcomed its first ship and visitors in October 2015. The Santiago bypass, another road project, has cut driving time from Santo Domingo to Puerto Plata by 30 minutes, and a new connection will shorten the trip even more. The last stretch of the Uvero Alto-Miches highway, linking Uvero Alto and Miches to Sabana de la Mar, was completed in the summer of 2015.

What are your predictions for 2016?

We are predicting 2016 to be even more successful than this year, thanks in part to our efforts to develop our infrastructure and facilities to accommodate the influx of tourists. We have long been a popular escape for those seeking all-inclusives and beachside relaxation.

We have now launched campaigns focused on shining a spotlight on the rest of the country’s offerings, as Punta Cana is just the tip of the iceberg, so to speak. Beyond the sprawling hotels we’re already known for, adventure tourism, boutique travel, eco-tourism, wellness travel, gastronomic tourism and much more can all be found in Dominican Republic. Our new campaigns will work to show travelers who perhaps hadn’t considered this part of Dominican Republic’s identity that the country has amazing “hidden gems” waiting for them to explore.

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

* Source: Turks & Caicos Tourist Board Statistics Office

isfied no matter what the reason for their travels. We offer everything travelers want in an idyllic island vacation: beautiful beaches; exciting watersports; gourmet dining; active nightlife; welcoming locals; and luxurious, yet affordable hotels that are destinations in and of themselves. No matter what a potential tourist is looking for, one of our five key diverse regions has it. In a country about the size of Maine, we offer 16 national parks, lush forests, 1,000 miles of beaches, 28 golf courses carrying designer names – and more ocean front holes than any other destination in the Caribbean.

Visitors are almost certain to find something suited to their interests.

On the business side, our meetings and incentives sector has also undergone improvements in recent years to offer business travelers the latest presentation and conference technology, as well as the opportunity to easily enjoy island life in their free time. Santo Domingo, our capital, is one of our most popular business hubs. The first city of the New World, Santo Domingo has evolved to continue offering residents and visitors all they need to conduct productive business, amidst a rich culture to enjoy during visits.

We are a diverse destination that prides itself on offering unforgettable trips to travelers of varying interests. By the numbers, our hotel stock stands well above 60,000 rooms in all categories, from budget properties to opulent resorts, with more than 4,000 rooms in development by established brands and new arrivals. We have 4 seaports and 8 international airports that serve major carriers from numerous gateways in Europe, North America and beyond, making the destination an easily accessible and desirable choice.

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MONEY TOURISM STARS What does this all mean for real estate investors?

We’ve seen a spike in interest in real estate development in both the already-popular tourism hotspots that are prime for expansion projects, as well as areas of the country that are currently our “hidden gems,” soon to be ready to welcome international guests. We’re looking forward to showing off areas which were previously less accessible and providing jobs to locals in areas that didn’t have the opportunity in the past. Additionally, we’ve seen an increase in international retirees purchasing second homes in the country, thanks to attractive pricing in the housing market, low cost of living and consistent warm and pleasant weather.

3 ARUBA

Otmar Oduber Minister of Tourism, Transportation, Primary Sector and Culture What is it about Aruba that overseas visitors love so much?

Celebrated as one of the most revisited destinations in the Caribbean, Aruba is beloved by repeat guests and first time visitors for its constant sunshine and 82-degree weather year-round, booming culinary scene, vibrant culture, endless array of land/water sports, signature experiences and most notably – friendly locals who enthusiastically offer a warm “Bon Bini” (or “Welcome”) to those who choose Aruba as their vacation paradise.

Tourism is Aruba’s heart and soul, and our people have both a love and responsibility for improving the on-island experience year after year.

How important is tourism to Aruba?

According to The World Travel and Tourism Council (WTTC) – the global authority on the economic and social contribution of Travel & Tourism – Aruba’s GDP is more reliant on travel and tourism than any other nation, relative to its size, in the world.

Tourism currently accounts for 88% of our GDP and only continues to grow. It is a special thing to see our government, the Aruba Tourism Authority (ATA), on-island industry partners and passionate locals all working together to ensure our small, but happy island.

How large is the island’s tourism sector?

Last year we made history – welcoming more than 1.07 million stay-over visitors overall in 2014. This was a

9.5% increase, compared to the same period in 2013.

The previous record for annual stay-over visitors in Aruba was 979,256 in 2013, preceded by 903,934 in 2012.

What objectives are you working towards?

After last year’s unprecedented milestone, the ATA set an aggressive goal for an 11.5% increase in stay-over visits, as well as a 4% increase in tourism receipts. We are on track to surpass those marks as we constantly enhance the on-island experience and appeal to travelers in new and creative ways.

How are you working towards achieving these growth objectives?

Our target audience visits more than 20 websites before booking their vacation, so it is essential for us to maintain a presence throughout that process with a timely, persuasive message at each stage.

Most recently, we introduced the Happiness Builder, appealing to the tech-savvy traveler and allowing visitors to plan and share their perfect Aruba vacation before ever stepping foot on our island.

The Happiness Builder is a content-rich planning experience where travelers can explore nearly 100 videos featuring adventure, relaxation, romance and cultural activities in Aruba. Simply pick your six favorite clips, add some happy music, personalize a message and share your own ‘Shortcut to Happiness’ video itinerary with friends and loved ones.

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This tool has been key in attracting new visitors who will venture beyond our award-winning beaches and explore all of the island’s signature offerings.

As much attention as we’ve placed on the vacation planning experience, we’re most proud of the incredible developments and initiatives happening on-island.

As part of Aruba's ongoing, $1 billion+ USD island revitalization and beautification project, we recently invested more than $100 million USD in significant hotel updates to enhance visitors’ experiences, with Aruba Visitor Arrivals* 1,200,000 1,000,000

979,256

1,072,082 688,568

800,000

667,095

600,000 400,000 200,000 0

*Source: Caribbean Tourism Organization

2013

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Stop-over

Cruise

2014

an additional $50 million USD planned for next year.

We also welcomed the Ritz-Carlton to our island, adding a new level of luxury to Aruba.

The Aruba Airport Authority has fully renovated the Reina Beatrix International Airport, introducing new amenities and services true to the One happy island brand. This includes an airport-wide Wi-Fi upgrade, installation of APC and ABC Kiosks, three new F&B concepts and an additional 150 seats, and an update to the airport arrival hall and VIP lounges.

Airport investments between $100-150 million USD are planned in the upcoming years, as traffic continues to reach new heights.

With more than 90 nationalities represented onisland, we also take great pride in our vibrant culture, and are enthusiastically redeveloping the city of San Nicolas as our cultural heritage center. In the near future, San Nicolas will be home to new museums and additional festivals.

ble only by horseback, foot or off-road vehicle. Couples can retreat to the secluded Mangel Halto Beach for a private picnic or stand-up paddle boarding excursion, and families can set sail on a snorkel cruise atop some of the Caribbean’s largest shipwrecks.

Regardless of your inspiration for visiting, our passionate locals are elated for the opportunity to say “Bon Bini” to more and more happy visitors every year.

Our happy visitors have high expectations when they get to Aruba, and our local and international hotel brands understand the importance of constantly improving their product and service in order to attract and maintain these quality visitors. As a result of the aforementioned island revitalization and beautification project by the government and in order to make Aruba more attractive as a product, many of our hotels also have been, still are and will be investing in their respective properties in the next few years. These investments include renovations, upgrades and expansions.

What does all this mean for property buyers?

Well, several new real estate investments are also taking place, with a lot of interest from potential buyers.

Not only these developments but also the destination developments and investments in cultural and infrastructural projects have benefits for visitors and residents alike, but also for buyers and investors. As the overall quality of Aruba goes up, this also translates to a higher value for property buyers on the island.

Aside from the property developments taking place at the moment there are also a few additional projects in the pipeline for the next few years and there is a lot of interest for those.

What features and amenities do you have in place for overseas visitors?

As we continue to invest in Aruba, there is no shortage of island life to discover. With more than 25 restaurants located directly on the water, visitors can spend their entire vacation dining with their toes in the sand or on a floating dock if so desired. Adrenaline junkies can venture through the rugged and wild Arikok National Park for a cool dip in Conchi, the natural pool accessiThe Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

In 2012 the highly anticipated ultra-luxury boutique hotel Eden Roc at Cap Cana first opened its doors. Offering flawless contemporary Italian design, an outstanding beachfront setting and access to the worldclass Punta Espada oceanfront golf course – all located a stone’s throw from the international airport – Eden Roc at Cap Cana has redefined the concept of a luxury getaway in the Dominican Republic.

Now, a new ownership opportunity previously unimagined at Cap Cana, is available for a selected few: An exceptional collection of 26 oceanside apartments, set along the dreamy landscape of Caletón beach and enjoying all the benefits of Eden Roc’s impeccable, unrivalled standards.

Designed for complete privacy, each of the 26 condos range from 200 square meters and feature 2 bedrooms, comfortable social areas and expansive windows to create a seamless connection between the indoors and the outdoors. Custom furnishings, exotic finishes and a host of distinctive features will mark your new home in this paradise.

Owners are granted membership to the secluded Eden Roc Beach Club, a private members-only facility and will also benefit from use of all the amenities offered at the hotel: a complete spa, beach club, kids club, 5 different culinary spaces and a team of attentive hospitality professionals hailing from Europe and the Dominican Republic, who are always on hand when needed and

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invisible when privacy is preferred.

Rejoicing in unspoiled nature and bathed by warm, crystal waters, the seal of exclusivity is engraved in each and every one of the services offered by Cap Cana. It has been categorized as a "unique development in the region, comparable only with the finest destinations in the world."

According to a 1968 report by UNESCO: "This area is truly exceptional. Of all the beaches in the world, few have equal crystal clear waters. The sand is so white that it is hard to believe it is authentic.

We can say without a doubt that this area is among the best in the world." Almost 4 decades later this description of Juanillo Beach still holds.

Cap Cana is located on the eastern coast of the Dominican Republic, just 10 minutes from Punta Cana International Airport. The area is easily accessible via direct flights from the USA, Canada, South America and Europe. Pristine nature has never been so accessible.

The range of amenities is also enviable to the rest of the Caribbean. Opened in 2007, Marina Cap Cana features more than 150 berths surrounded by attractive real estate and a privileged location near the Mona Passage, one of the best deep sea fishing areas in the world. Since welcoming its first guests in 2006, the challenging Punta Espada Golf Course has gained recognition as the number one golf course in the Caribbean and Mexico by Golfweek;

The Caribbean Property Investor, Issue 6 ||7thHeavenProperties.com 7thHeavenProperties.com

number three of the golf courses designed

by Jack Nicklaus as ranked by Links magazine and as one of the best golf courses in the world according to Robb Report magazine. Punta Espada was the home of the "Cap Cana Championship" – an official PGA Champions Tour held in 2008, 2009 and 2010.

Cap Cana also offers activities for the whole family including ecological tours to Iguabonita and Hoyo Azul, non-motorized water sports, zipline and catamaran and buggy excursions in the adventure park – Scape Park. At Los Establos there are two polo fields designed by the renowned Alejandro Bathros.

Nearby you can also find a fine treasuretrove of restaurants, a golf club, beach club, fitness centers, spas, salons, meeting rooms and convention center in the Sanctuary hotel, a beautiful colonial-style chapel, theater and amphitheater; commercial and business areas, industrial park; helipad and first aid center.

These diverse amenities, the luxurious lifestyle and the unparalleled location all add up to a one-of-a-kind opportunity to own a home in one of the greatest destinations of the Caribbean. Count yourself among this selected group.

For more information, contact 809.695.5542 info@capcanarealestate.com www.capcanarealestate.com

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PRO MOT IO N C AP C A N A

Exclusivity Redefined Discover the Calet贸n Oceanside Apartments by Eden Roc at Cap Cana.

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The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

MONEY citizenship

Second Citizenship Solutions Micha-Rose Emmett, Group Managing Director, CS Global Partners The Managing Director of CS Global Partners – international legal advisory firm specialising in citizenship and residence solutions – on Citizenship by Investment programme in St Kitts & Nevis, Dominica and Grenada

Foreign demand for property in the Caribbean has traditionally been associated with affluent British, Canadian, and United States citizens purchasing a holiday home in their own small corner of paradise. This ‘holiday home’ or ‘second home’ market has seen investments ranging from the hundreds of thousands to millions of dollars. With the introduction of citizenship by investment programmes to the Caribbean, however, purchasers now have a different goal: obtaining a second passport by way of investing in pre-approved real estate. Eligible real estate tends to consist of a condominium, villa or hotel room that can be rented out to generate income when not in personal use.

The concept of citizenship by investment, or economic citizenship, was first formulated in St Kitts and Nevis.

This two-island nation opened citizenship to foreign investors and their families in 1984, and now runs the World’s oldest and most trusted programme of its kind. Under the St Kitts and Nevis Citizenship by Investment Programme, investors have two options to fulfil eligibility requirements: they can either make a donation to the Government’s Sugar Industry Diversification Foundation (SIDF), or they can invest in Government-approved real estate. The SIDF was created to help diversify the nation’s economy through targeted investment. Government-approved real estate includes hotel and resort shares, as well as various luxu-

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42

ry properties such as villas and apartments overlooking the Caribbean Sea. The real estate must be held for at least five years from the date citizenship is obtained, after which time purchasers may sell their property with capital appreciation.

Investors choosing to acquire property in St Kitts and Nevis do so knowing that it is a growing tourist destination, which has nurtured its reputation among overseas visitors and courted a range of international tourism brands to enhance its status. They also look to St Kitts and Nevis as a country benefiting from a passport which offers the freedom to travel visa-free to 120+ countries worldwide, including the entire EU. Finally, the Government of St Kitts and Nevis does not

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tax individuals on capital gains, making the purchase and sale of homes easy and more affordable.

Single applicants choosing the real estate route must invest at least $400,000 USD and pay an additional $57,500 USD in government and due diligence fees. The property developments approved by the Government of St Kitts and Nevis offer purchasers high yields and anticipated capital appreciation. By contrast, single applicants choosing to the SIDF route are required to contribute $250,000 USD, plus $7,500 USD in due diligence fees.

Other Caribbean nations have also adopted highly successful citizenship by investment programmes, with real estate continuing to play a key role. The Com-

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

MONEY citizenship monwealth of Dominica inaugurated its Citizenship

by Investment Programme in 1993, which currently offers two potential paths to citizenship. The first involves a donation to the Economic Diversification Fund (EDF), whilst the second involves the purchase of real estate on the island. This real estate must be pre-approved by the Dominican Government, and it may only be resold three years after the investor is granted citizenship. At that point, the investor need not pay any capital gains tax on the disposal of his or her property.

Dominica’s EDF is monitored by the Government and aims to strengthen and diversify Dominica’s economy by, for example, boosting the tourism and agriculture sectors. Single applicants that choose this route are required to make a one-time $100,000 USD donation to the EDF, and make an additional $10,500 USD payment to cover the cost of the Government’s processing fees and strict due diligence procedures.

Known for its commitment to preserving its unique, pristine environment, the Government of Dominica has been very strict in approving development projects.

The Cabrits Resort Kempinski, which will be nestled between Dominica’s lush, green hills and the calm Caribbean waters, was approved in 2015 and is anticipated to become the island’s first ultra-luxury resort. The island will also welcome a modern luxurious Hilton Curio with cliff hanging villas. Under the Commonwealth of Dominica Citizenship Act, single applicants that choose the real estate option must invest a minimum of $200,000 USD and pay $60,500 USD in government, processing, and due diligence fees.

The tri-island nation of Grenada restored its Citizenship by Investment Programme in 2013, in the wake of its growing popularity as a destination renowned for low key luxury. A-listers have bought luxury property on the island, and Grenada’s pastel-coloured Port Louis mega yacht marina has quickly come to be known as the ‘Portofino of the Caribbean.’ With beautiful beaches, numerous waterfalls, lush green mountains and a prime position close to the Grenadines, it should come as no surprise that foreign investors have been closely watching the property market in Grenada and predicting growing returns.

Grenada’s Citizenship by Investment Programme, much like those of St Kitts and Nevis and Dominica, allows individuals and their families to invest in pre-approved real estate for the purpose of obtaining citizenship. Applicants must invest at least $350,000 USD in real estate plus an additional $50,000 USD in government fees and $8,000 USD in application, processing, and due diligence fees. The purchased real estate must be held for at least three years following the awarding of citizenship, at which time it may be disposed of without the seller having to pay any capital gains tax.

Under the Grenada Programme, applicants also have the option to make a contribution to the country’s National Transformation Fund (NTF). The capital raised by the NTF is invested into Grenada’s economy and used to sponsor alternative energy use and other projects deemed essential to the growth of the economy of the island of Grenada and its sister-islands Carriacou and Petite Martinique. Single applicants choosing the NTF option are required to donate $200,000 USD to the fund, and pay $8,000 USD in application, processing, and due diligence fees.

In all three jurisdictions, the real estate route always involves an investment in property that is preapproved by the government. For applicants with their heart set on property that is not part of a citizenship by investment scheme, the government funds provide an alternative route and enable applicants to apply for citizenship without any limitation on the purchase, and resale, of property. Moreover, as citizens, investors need not apply for an alien land holding license, which is required of non-citizens.

St Kitts and Nevis, Dominica, and Grenada have been at the forefront of citizenship by investment in the Caribbean. Their programmes, allowing both for donations to government bodies and for the acquisition of prime pre-selected real estate, have been so successful that they are currently being emulated in Europe and Southeast Asia. No small part of this success is due to the lure of purchasing property subject to capital appreciation, likely to yield rent returns, and certain to spark the imagination of investors and their families.

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GLOBAL CITIZENSHIP,

THE MOST POPULAR PROGRAMMES IN THE WORLD: DOMINICA

A CS GLOBAL PARTNERS STORY

Dominica, the Switzerland of the Caribbean, offers safety and wealth protection. www.cbiu.gov.dm

Guiding businesspersons and international families toward prosperity, mobility, and financial security through second citizenship.

Grenada is the ultimate option for family prosperity, offering unique visa-free travel options. www.cbi.gov.gd

GRENADA

ST KITTS & NEVIS St Kitts and Nevis offers the oldest and the most trusted programme, with the SIDF option providing a fast route to citizenship. www.ciu.gov.kn

+44 (0) 207 318 4343 • info@csglobalpartners.com • www.csglobalpartners.com London • Zürich • Hong Kong • Beijing • Dubai • New Delhi • Lagos • Windhoek • St Kitts and Nevis • Singapore

P RO M OTI ON CHRISTOPHE HARBO U R

Five Star Hideaway Discover Christophe Harbour, the Eastern Caribbean’s newest premier destination community, which melds tranquil, natural beauty with a host of ultra-lux amenities

Tucked away on the Southeast Peninsula of St Kitts rests premier resort and residential community, Christophe Harbour.

Stretched across 2,500 acres of verdant hillsides fringed by white sand beaches, the community is surrounded by untrammeled beauty that calls to residents and visitors.

A peaceful paradise, much of the land has been left natural and untouched, making Christophe Harbour the perfect island hideaway for discerning travelers. For real estate investors, there is much more to Christophe Harbour: beautiful contemporary homes which expertly blend with their surroundings, every possible five-star amenity, including a new world-class superyacht marina and eligibility for the world’s longest-established Citizenship by Investment Program.

Diverse Real Estate Opportunities Christophe Harbour offers a diverse selection of luxury ownership opportunities, from fractional to whole ownership of exclusive home sites and custom villas.

At Sandy Bank Bay, a handful of exclusive enclaves create Christophe Harbour’s premier residential neighbourhood.

Whether you prefer the dramatic panoramas of hillside and cliffside living, the privacy of an intimate bluff, or the peaceful

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tranquility of a beachfront location, Sandy Bank Bay is the ideal site for designing and building your custom home.

Delivering ease of ownership and stylish comfort, Ocean Grove offers the quintessential Caribbean bungalow lifestyle. Fullyfurnished, 2-bedroom turnkey villas offer generous outdoor living space and a choice of furnishing options within a 1,632 square foot living plan.

For those seeking fractional ownership opportunities, there is the Windswept Residence Club. Residents own an equity share in a private, 4-bedroom turnkey home that blends the best of indoor and outdoor spaces, providing stunning panoramic views of the land and sea.

The Caribbean’s Newest Superyacht Hub For those arriving by sea, The Marina at Christophe Harbour has established itself as a prime yachting destination in the Eastern Caribbean. Created by internationally acclaimed developers – and superyacht owners – its state-of-the-art dock is built to offer the high-end services superyachts demand.

Offering the rare opportunity of freehold berth ownership, a select few 150 ft - 220 ft berths are available for purchase.

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Citizenship By Investment All Christophe Harbour offerings are eligible for St Kitts and Nevis Citizenship by Investment Program. The Federation operates one of the oldest and most reputable Citizenship by Investment programs in the world. Ownership grants full citizenship, which entitles citizens to visa-free travel to more than 120 countries, as well as dual and lifetime citizenship to applicants and eligible family members.

Luxurious Amenities Christophe Harbour also offers a range of thoughtful concierge services and ultra-lux amenities, providing everything you need for an unforgettable stay.

The private FBO jet terminal YU Lounge is partnering with Christophe Harbour to provide luxury travelers a uniquely-crafted door-to-door experience.

Guests receive expedited customs processing, baggage handling, fine cuisine and beverage options, and airport transfers via a fleet of luxury vehicles directly to The Marina or Christophe Harbour villa.

The Pavilion beach club at Sandy Bank Bay provides an exclusive experience to Christophe Harbour Club members. The club offers options for dining, wellness, fitness and activities for the entire family.

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Devour locally inspired cuisine poolside, or enjoy fine rum in the member lounge.

End each day with a sunset toast from SALT Plage seaside bar and lounge. On the site of the former historic salt warehouse, SALT Plage invites residents and guests to relax and recharge. Sip signature cocktails, savour picture-perfect sunsets on over-water daybeds, or dance the night away with live native beats.

Enhancing the experience further, residents and guests will soon be able to indulge themselves at the Park Hyatt St Kitts hotel and spa, which is set to be located within Christophe Harbour. The Park Hy-

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att St Kitts will offer a range of a range of additional high quality dining options and amenities that would be expected of this premier five-star resort.

As Much Adventure as You Wish The amenities of Christophe Harbour are complemented by proximity to several, notto-be-missed sites, where unspoiled nature and history await discovery. Adventure seekers can explore the Valley of the Giants, climb the volcanic crater of Mt Liamuiga, dive into the glittering oceans or bask on one of six beaches – each with its own personality to suit every mood and desire.

Christophe Harbour is a rare opportunity: a chance to invest in a distinctive Caribbean beachfront community on one of the world’s most stunning natural harbours, complete with every conceivable ultra-luxury amenity on hand.

To learn more about real estate and marina freehold ownership opportunities at Christophe Harbour or to schedule a visit, call +1 869.466.8738 or info@christopheharbour.com www.christopheharbour.com

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

MONEY ROI

Many Happy Returns Zoe Dare Hall Award-winning luxury real estate expert Zoe Dare Hall on making your property pay its way

It’s not just those with modest holiday homes who want their property to pay its way. One of the first questions that prospective buyers of luxury villas often ask now is how they can recoup some of their costs by making their home earn its keep. For property owners there are various routes that can be explored.

Peer-to-Peer Rental AirBnB is at the vanguard of the holiday rental revolution, giving hotels a run for their money by making it easy – and cool - for property owners to rent out their homes in return for a percentage of each booking. Listings range from simple studios to opulent palaces. Numerous other peer-to-peer property rental sites such as HomeAway and FlipKey provide a similar portal for holiday home listings and the owner simply pays a commission on each booking or an annual fee to advertise.

The downside? Managing the property and guests can be time-consuming and troublesome – particularly if your property is a few thousand miles away. You need people on the ground you can trust to act quickly when things go wrong – otherwise, your little earner could soon become a loss-maker.

Online Villa Rental Specialists Other holiday rental companies such as Le Collectionist and Villas of Distinction specialise in high-end properties where every element from booking to sheetchanging is taken care of – along with concierge services such as private chefs and drivers. Or you may use your holiday home as a way to get free holidays yourself – in someone else’s property – through a luxury home exchange site such as 3RD HOME.

Managed Rental Programmes If you are looking at purchasing a property within a destination resort, the chances are the management will operate a rental programme of some kind. Resort home owners will typically have a team at their disposal to handle all aspects of rentals, from marketing to maintenance. Rental programmes may limit you to a certain amount of annual usage in return for a guaranteed rental income, with the property rented out to guests for the remaining weeks as hotel accommodation.

For owners who intend to use their property for a few weeks a year at most, this may be the most practical option, with the rental income covering the costs of owning a property on a managed resort. In the most extreme examples, such as on private islands, ongoing costs can run into hundreds of thousands of dollars a year – but that can be quickly recouped with a villa that fetches up to $40,000 USD a night.

Your Home as a Business If you want your Caribbean home to earn its keep – but you want to live there too – turn it into a luxury B&B or a cultural or wellness retreat. Being a handson host can be hard work and you’ll have local small business bureaucracy to deal with, but it can be a sociable and financially-rewarding way to get the most out of your home.

Your Home as a Venue And finally, if you have an eye for design and think your holiday home is something special, think about hiring it out as a location for film or magazine shoots or as a wedding venue. If you don’t mind the disruption, the payback can be as handsome as your house.

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MONEY FOREIGN EXCHANGE

Carpe Diem – Currency Style David Johnson, Director, Halo Financial Find out from foreign exchange specialist Halo Financial how to get the best possible exchange rate when buying currency for a property purchase in the Caribbean

In your quest to find the perfect overseas property you have probably done your best to keep a keen eye on the movement of the relevant exchange rates. I am sure there will have been times when the currency fluctuations have caused consternation or maybe even elation.

Sadly, Murphy’s Law dictates that those who leave their currency exchange to the last minute often suffer the agonising and costly frustration of seeing a dip in the exchange rate just when the lawyer or the developer calls for funds.

According to the Bank of International Settlements, $5.3 trillion USD a day passes through thousands of trading rooms around the world. For any individual, keeping tabs on what all these traders are doing is virtually impossible, but there are means available to you to protect your plans from the worst of the markets.

You could buy your currency right away and hold it until the property needs to be paid for but that could suck up cash that could be better used for other investments. Better perhaps to secure the exchange rate through a forward contract and delay the actual exchange of funds until a suitable date in the future.

If the exchange rate is a worry and you just want

to protect against a sudden fluctuation, specialist foreign exchange brokers such as Halo Financial, can offer market orders that act as a safety net, guaranteeing a worst case scenario but allowing you the opportunity to buy at a better rate if one presents itself in the interim.

These 'stop loss' orders do exactly what they say.

On the other hand, if you would like to take advantage if the exchange rate spikes and don't want to miss an opportunity if it happens while you are asleep, you can use a 'Take Profit' order to trigger only if and when a particular rate is achievable while you wait for the call for payment.

As with so many things in life, there is a right tool for every job but sometimes you don't realise that tool exists until it is too late.

It is certainly worth having a good look at your foreign exchange needs for your new property because when it comes to exchange rates, when the market offers a fantastic opportunity, with the right tools you do have the ability to seize the day.

For further information or for a free quote, please visit www.halofinancial.com or call +44 (0) 20 7350 5474

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Overseas property – buying currency?

With Halo Financial, you’ll save time, money and worry when buying overseas property.

When making an international payment, it’s important that you trade at the right time and at the best exchange rate.

Halo Financial could enable you to save as much as 4% compared to other currency exchange providers.

And with Halo Financial our experts are committed to making your overseas transfers easier, less costly and stress free.

Your next move It’s never too early to investigate how best to manage your currency needs. Invest 5 minutes today, save $’000’s tomorrow.

Call us today on: +44 (0)20 7350 5474 or visit www.halofinancial.com/ caribbeanproperty

MONEY OFFSHORE BANKING

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The Antigua Advantage Michele Delco, Manager, Ansbacher (Antigua) Limited Already well known for its beaches and sailing, Antigua is strengthening its reputation in private banking. Michele Delco explains why

With its 365 beaches, the world renowned annual Antigua Sailing Week and a recently introduced Citizen¬ship by Investment program, Antigua has become well known as one of the Caribbean’s premier tourist desti¬nations with a revitalized second homes market. Unlike other locations in the region, it is less well known for its banking sector. However, the island is home to a branch of Ansbacher (Antigua) Limited, a Bahamian pri¬vate banking specialist with its main branch in The Bahamas. But why Antigua, you may ask?

Firstly, as an independent member of the Common¬wealth, the Caribbean Community, the OECS and the OAS, with a stable political system and solid currency (Eastern Caribbean Dollar) that is pegged to the US Dollar, Antigua provides a low risk environment, both for clients and for Ansbacher (Antigua) Limited. The country offers a healthy, well regarded jurisdiction for offshore banking where strong banking secrecy ensures customers can be assured of discretion.

From this solid base, Ansbacher (Antigua) Limited offers private banking, tailored financing, investment management and fiduciary services and specializes in the creation and management of trusts, companies and other fiduciary structures in offshore and onshore jurisdictions. We provide a conservative, prudent approach and the first class service customers expect from a Bahamian private bank.

Our people are critical to our business success and Antigua also provides a pool of talent, from which we can carefully select individuals who are best quali¬fied and most closely aligned to the Group’s philoso¬phy.

We invest in our people, training our staff internationally and regionally about the necessary skills required to adapt to all situations. We are therefore able to offer our customers first class service surrounded by Caribbean comforts.

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It is not just our people who operate according to the highest standards. As in other parts of the world, in recent years the financial services landscape has changed significantly in Antigua, and, as a consequence of recent events, the supervisory authorities have become increas¬ingly strict. The authority, known as the FSRC (Finan¬cial Services Regulatory Commission), is extremely professional and competitive and easily comparable to authorities of larger financial centers. The FSRC offers the transparency and high standards both we and our customers require.

The relatively small size of the sector in the Caribbean has meant that the region has been able to emulate the new approaches of countries such as Switzerland, Hong Kong and Singapore and to move fast and adopt new systems of control without the com¬plications experienced by those larger territories.

So, while a walk on the beach or a day out on a yacht might well be the Caribbean’s main appeal, without a doubt there is much more to the region that demands your attention.

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

IN T E RVI EW SUGAR BE ACH

Living the Sweet Life As St Lucia’s Sugar Beach launches an exclusive collection of its most luxurious residences yet in a private beachfront enclave, The Caribbean Property Investor talks to developer Roger Myers about how the resort’s location unexpectedly captured his heart Robert Cooper

Sometimes in life we plan things meticulously and they may or may not turn out as we hope. Sometimes, we see where the wind takes us and the result can be even better. For Roger Myers, it was the latter approach that led to him becoming proprietor of one of the finest hotels in the Caribbean and developer of some of the most desirable homes for sale in the region.

Myers did not set out to have a career in the hotel industry. Having started out as an in the music business in the 1960’s, he travelled regularly to the USA “at a time when Brits didn’t go to America a lot” he explains.

He built up a client base in the music industry and very soon established a record label with Tony Visconti, the Grammy-winning producer who has worked with artists such as David Bowie. “After a little time in the music business I realized I wasn’t cut out for it” he says. So, he decided to open Peppermint Park, a bar in London.

With that introduction to the catering and hospitality sectors, he went on to develop numerous restaurants in the UK including the Café Rouge chain, as well as health farms and, briefly, a hotel in London’s Mayfair.

He later established Punch Taverns, which became one of the UK’s most successful pub chains, when “along came someone who wanted to buy my shares.” Myers decided to sell and then see where the wind would take him. It turns out, the wind blew in the direction of the Caribbean, a part of the world he has always had strong connections to – Myers’s parents had owned a home in Antigua and had a passion for sailing the islands. “I uprooted and went to St Lucia within a space of about 3 or 4 weeks of making my decision,” he says.

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Having spent many years building catering and hospitality businesses, Myers had originally planned to have a little time off. “I didn’t do anything for a long time,” he says. “I certainly didn’t go to St Lucia with the intention of opening a hotel.” However, within a relatively short space of time, he heard on the grapevine that a hotel was for sale in one of the most stunning parts of St Lucia. “A friend of mine on the island told me that the Jalousie Plantation hotel was for sale. He told me that a deal to buy it had fallen through so it was one of those situations where all the ducks were in place. The banks had agreed, the vendors had agreed, there really wasn’t very much to negotiate. So within 3 or 4 weeks of hearing about it, I found that I owned it.”

The hotel “was pretty run down then,” he says. “It was sort of falling into disrepair at that time. No one had invested into the property for many years, until I got involved. It was really in a dreadful state. It needed a lot of investment to build it into a five-star hotel worthy of its location in one of the world’s truly great undiscovered locations.”

One of the prime motivating factors behind Myers’ decision to acquire the resort was the outstanding location: “I thought it was the most beautiful place on earth.” The beachfront resort is located on nearly 200 acres of lush, green land close to the charming town of Soufrière on the south-western coast of St Lucia between the island’s iconic Pitons – the twin volcanic peaks that arise majestically from the reef-filled Caribbean Sea to a height of approximately 2,500 ft.

The surrounding area, which provides a breath-tak-

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The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

Images courtesy of Sugar Beach Residence

ing backdrop to the resort, is a protected UNESCO World Heritage Site.

Myers set out to compliment the stunning surroundings with a world-class resort. His initial priority was to upgrade the hotel. He invested around $100 million USD into the property, creating clusters of beachfront villas, a magnificent rainforest spa and several elegant restaurants and bars. Myers’ vision for the hotel was a luxurious space in keeping with its setting. “I wanted it to be Caribbean,” he explains. “So we researched Caribbean architecture and the style is very Caribbean: pastel colours, infinity pools surrounded by beautiful gardens.” The hotel was built in an elegant colonial style and re-branded as Sugar Beach. It has gone on to win a slew of awards and accolades.

Having successfully relaunched the hotel, Myers shifted his focus towards the sale of villas at the resort, which the hotel lets out on behalf of buyers as hotel accommodation. The villas are beautifully designed and finished in a traditional plantation style refreshed for contemporary living. The villas have been a great success. As a result, “we have been able to attract hotel guests who have come and fallen in love with the place,” he tells us “and they have ended up buying a property as a result. It is a virtuous circle.” All but one of the original phase of villas have been sold to a mix of American, British and continental European buyers.

The final phase of the resort’s development is a highly exclusive collection of just four ultra-luxury residences located in a private beachfront enclave of Sugar Beach called the Glenconner Beachfront Residences. Myers retained Alex Michaelis of Michaelis Boyd, a Londonbased architectural and interior design firm to design the houses. Michaelis Boyd brings experience of a wide

range of luxury residential, commercial and hospitality projects from across Europe, Asia and Africa. “Alex has come up with an absolutely stunning concept for the Glenconner Beachfront Residences,” he enthuses.

As Myers explains, “the Glenconner Residences are, if you like, upgrades of the residences that we have sold so far. They are significantly bigger and they have a lot more land.” Having made Sugar Beach his primary residence, Myers makes a convincing sales man.

He loves the location so much he has made it his home.

He spends “7 or 8 months per year” at Sugar Beach, he says. “It of course varies with what’s going on at the hotel, but we live there – it’s my home.” Buyers also have the option of living in their residence all year round, but most tend to use their property as a holiday home (enjoying all the hotel’s amenities) and take advantage of the hotel’s rental and management programs when they are not in residence. “Owners can elect to have the hotel maintains their residence in pristine condition, so we hopefully eliminate any frustration associated with owning and staffing a Caribbean property. I can tell you from experience, that’s huge! And at the owner’s discretion, we’ll also let it for them when they are not using it. When they are there, or their guests are there or their tenants are there they can use all the hotel facilities.

They get all the services the hotel guests get. Plus, many of our owners are generating very healthy returns.”

So, while Myers may not have originally set out to own and develop a five-star hotel, he has ended up creating, what is, without a doubt, one of the region’s finest resorts and most prestigious real estate investment opportunities.

To discover more, visit www.sugarbeachresidences.com

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Paradise Fou nd

RESIDENCES PRICED FROM US $ 3,750,000 sugarbeachresidences.com +1 (758) 285 4181

URBAN RETREAT Elegant Loft and Flat-Style Residences with Lagoon, Ocean and Marina Views Your dream home is now a reality! Construction is now complete at BAHIA PLAZA and we are now welcoming new residents. BAHIA PLAZA is the ultimate urban retreat, offering a unique blend of stylish living, breathtaking views, and unparalleled experiences.

Act now on the final opportunity to own your dream home.

The sophisticated residences are steps from the waterfront paseo, Condado Lagoon, and Atlantic Ocean. PASEO CARIBE's dynamic retail center is unfolding rapidly, welcoming exciting new restaurant and retail partners.

Aaron Stewart is the designer and lifestyle curator behind Bahia Plaza including the lobby gallery, flat and loft-style residences, Owners’ Library, State of the art Fitness Center, and Ocean Terrace and Pool.

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FROM $419K TO $1.4M. 100% FINANCING AVAILABLE | 787.724.2400 | paseocaribe.com 1

For detailed information and final specifications please contact or visit sales gallery. For those who qualify. Subject to credit approval.

Prices are subject to change at discretion of developer at any time. BAHIA PLAZA IS A CPG/GS ISLAND PROPERTIES VII, LLC DEVELOPMENT 270 Muñoz Rivera Ave. San Juan, Puerto Rico 00918. 787.522.8001. Lic. SJ-15218-URB.

L IFE INTERIOR DESIGN FASHION travel ART cocktails

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interior design

Fresh Footprints in the Sand Robert Cooper

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STYL E

Looking to create a fresh, new look for an existing property in the Caribbean?

Kelly Hoppen MBE – the award-winning interior designer, entrepreneur, author and “dragon” on the British version of business investment TV programme Dragon’s Den – discusses how she balanced style and comfort at beachfront luxury home “Footprints” in Barbados. Here, Kelly offers a few pointers on how to achieve her signature look of East meets West clean lines and neutral tones The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

Was Footprints your first interior design project in the Caribbean, or have you worked on other projects in the region?

Footprints was my first project on Barbados, and it was an incredible project to work on! Hopefully I will get the chance to work on other projects in that part of the world as the area is so beautiful and a dream to work in.

What did you set out to achieve with Footprints and what was your inspiration?

My main inspiration was drawn from the island itself.

Barbados is an absolute paradise so I drew my inspiration from the tropical climate, the idyllic views and the culture and spirit of the island. With Footprints I wanted to create an interior that is universal in style, yet embracing the local environment. I wanted to achieve an interior that was not only beautiful and stylish but was comfortable and could be used to entertain in.

How did you approach the project? Can you walk us through the process?

I always start the process with long, in depth discussions with the client to really get a grip on what they want to achieve. It is so important that someone’s home fits them like a great pair of jeans and suits their everyday life, so it is absolutely vital to get inside my client’s head and then translate that into my designs.

This was quite a large project to undertake because it was not a simple interior project. It was a complete reinvention and redesign of the existing property. The space was being changed from several apartments into one home, so it was a challenging project but I enjoy working on a challenge that really stretches you.

Working through obstacles always brings a great sense of achievement.

What challenges did the property present?

The building was originally divided into several apartments so taking that and creating one open space meant we had to reinvent existing features, which is not always easy. For instance, there is a column in the middle of the living room, which cannot be moved as it is essential to the structure of the property. We had to work around this by using the column to create shelves between it and

the wall. It was very important to the clients that the interiors and the outside of the property flow smoothly into each other almost as one space, so we worked hard on creating an harmonious transition from indoors to outdoor spaces and terraces.

Did you incorporate elements from Barbados?

Of course. I wanted the house and its surroundings to really harmonise, I tried to use as much locally sourced elements as possible. Quite a few pieces were sourced and made locally, from the curtains in the living area to much larger pieces such as the beautiful canopy bed in the 3rd bedroom. Including local elements really adds something to the spirit of the house. It has a connection to its environment.

What are your top style tips for any home buyer looking to achieve the “Kelly Hoppen look”?

Using a neutral colour palette is a great place to start if you are trying to achieve the ‘Kelly Hoppen look’. You can also easily achieve my style by visiting my e-commerce store, www.kellyhoppen.com. I have designed a fantastic collection which works for every interior and any budget. My home jewellery is perfect to add finishing touches to your home and I have also designed much larger statement pieces which I simply adore.

What’s next for Kelly Hoppen?

I am constantly designing projects around the world which keeps me very busy. I have been designing a lot in Asia which is a dream as I adore the Eastern way of life and it has inspired all of my designs. I have also just launched my own collection of jewellery with QVC and am always adding to my online store, www.kellyhoppen.com. I need to find time for a holiday!

For more information on private and commercial commissions, please visit www.kellyhoppeninteriors.com and to enquire about Footprints, please contact 7th Heaven Properties: UK: +44(0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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LIFE & STYLE INTERIOR DESIGN

Images courtesy of www.kellyhoppeninteriors.com

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P RO M OTI ON kohl er

Good Clean Living If an uncluttered, elegant contemporary bathroom is on your list of home design priorities, Kohler’s PURIST and San Souci lines can help you create the look you’ve dreamt of

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With the whole world seemingly competing for our attention, it’s no wonder we respond so strongly to images of clean, uncluttered spaces and designs that are both utilitarian and chic. Who hasn’t looked longingly at magazine spreads of artfully appointed, sunlit rooms without a pet, child or laptop in sight? It’s almost like taking a mental vacation just to imagine ourselves ensconced in such a tidy, elegant space.

Inspired by home makeover shows on TV and interior design features in magazines, many people are re-creating the unfussy, modern look in their homes, often starting with the bathroom.

Clean, white, contemporary designs with an open feel are much in demand, as are furnishings that can provide plentiful storage while still adding an air of Zen appeal to the space. Functionality is vital and today’s bathrooms must be accessible, comfortable, and easy to keep clean and organized.

Taking this concept of uncluttered elegance from dream to reality, no matter how large or small the space or budget, is the mission of Kohler Company. After all, its mantra has long been to use its products and services to bring its concept of “Gracious Living” to everyone, irrespective of the price point. And turning the bathroom into a spa-like retreat has always been one of its fortes.

For anyone looking to bring clean lines and no-fuss fixtures to their bathrooms, Kohler’s PURIST faucet line for Vessels, baths and showers are a great place to start. Combining architectural forms with sensual design lines, Purist faucets and accessories bring a touch of modern elegance to your bathroom. The Purist collection’s understated style of faucets, with its low gooseneck spout and cross or straight lever handles, is available in polished chrome, vibrant polished and brushed nickel, and vibrant brushed bronze.

Easy-to-install and leak-free UltraGlide™ valves provide reliable performance and durability. And the spout features laminar flow, which helps conserve water while preventing splashing. PURIST offers homeowners a chance to show a decidedly modern style, matched by excellent functionality and long-lasting quality, in their bathrooms. Additionally, these faucets incorporate Kohler’s SAFESEAL™ Waterways technology, which prevents the water from

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ever coming into contact with the interior metal surface, ensuring safer water that is free from any lead- or nickel-contamination.

For someone wanting to do a bit more than bring in new faucets, Kohler’s San Souci line of toilets creates a fresh, uncluttered space by using ingenious designs with a crisp, contemporary style.

The San Souci one-piece toilet offers a sleek, contemporary design combined with KOHLER touchless flush. Just hold your hand over the tank sensor to activate the flush. No handle to touch means fewer germs to pick up or leave behind. This toilet features innovative AquaPiston technology, a patented flush engine that delivers a fast, powerful, and virtually plug-free flush. For today’s buyers placing a premium on environmentally conscious designs, the San Souci’s 1.28-gallon flush provides significant water savings of up to 16,500 gallons per year, compared to a 3.5-gallon toilet, without sacrificing performance.

No bathroom that’s designed to be a vacation from the outside world would be complete without a bathtub or whirlpool bath, and the Underscore Bath Line has many options to fit users’ preferences and space constraints. These baths are all ergonomically designed to support and cradle the body while letting the water do its part in providing the ultimate relaxation.

The Underscore Bath line of freestanding and drop-in baths features a simple, crisp design that exudes understated style with contemporary flair. A slotted overflow drain allows for a luxuriously deep bath as you relax against the comfortable sloped backrest. This collection is available in multiple color options like almond, sandbar, biscuits, and cashmere sure to fit most any space and color palette.

The Vox Vessel Collection is also a terrific option for any space that’s short on square footage. With rectangle, square, oval, and round sleek and contemporary designs, this line features deep basins and rounded edges and simple silhouettes in true minimalist fashion. Countertop installation ensures this sink will stand out in your bathroom as a striking focal point.

Stylish, modern, affordable and adaptable to any size bathroom; being able to create the perfect oasis right in your own home is surely Gracious Living at its finest.

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

Linen towel by FRESCOBOL CARIOCA

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1. Hat by FRESCOBOL CARIOCA 2. Floral print bag by VALENTINO GARAVANI 3. Sixties Iconic Collection watch in red by GLASHÜTTE ORIGINAL 4. Pineapple print shoes by VALENTINO GARAVANI

5. Amazonia Pop XXV Anniversary silver bracelet in green by TATEOSSIAN 6. Shorts by ORLEBAR BROWN 7. Radiomir 1940 3 Days Acciaio 42mm watch by PANERAI 8. Madagascar sunglasses by L.G.R.

Fashion Editor Victoria Gaiger travels the world shooting the latest trends for some of the world’s biggest brands. Her next trip to the Caribbean will see her looking for jungle locations in Jamaica. She is currently the Fashion Editor at Harrods magazine and Harrods Man magazine.

T-shirt and shorts by ORLEBAR BROWN

Catwalk shot by SAINT LAURENT

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LIFE & STYLE fashion

Club Tropicana VICTORIA GAIGER

“Let me take you to the place, where membership’s a smiling face, Brush shoulders with the stars. Where strangers take you by the hand, and welcome you to wonderland – from beneath their panamas....” Sound familiar? If so, you’re probably over 40 and in for a flashback. If not, then welcome to the soundtrack of the summer.

Yes, it may be hard to believe but George Michael was way ahead of his time, because nothing sums up the spirit of Spring Summer 2016 like the words of Wham’s 1983 hit Club Tropicana.

With Wham in mind, prepare to embark on an exotic adventure as menswear designers take you deep into the jungle with lush green tones, vibrant tropical florals, palm prints and safari animal patterns.

Leaf and palm prints appeared at A. Sauvage, YMC and Hentsch Man. There were animal prints at Burberry and Coach, 50s style aloha shirts at Saint Laurent and Dunhill and tropical florals shouted at Richard James. Orlebar Brown added the usual mix of photographic palm prints onto swim shorts. Even McQ threw in a print that hinted at the tropics, while Turnbull and Asser opted for tropical tiger and peacock prints and Ferragamo sported mini elephant prints on ties.

A whole range of looks can be put together from this luscious trend. A classic tropical print shirt can look great and super stylish when teamed with a cotton blazer and slim fit khakis. Similarly, the same shirt will work as well over a loose vest and shorts. Bare ankles and some classic loafers or sneakers will add the perfect finish.

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Bendito Monarca bikini by AGUA BENDITA

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LIFE & STYLE Fashion

La Isla Bonita VICTORIA GAIGER

Catwalk shot by VERSACE

Swimsuit by MARA HOFFMAN

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When the gazelle-like models sashayed down the runways at the women’s shows, the sultry influences weren’t hard to hunt down think White Mischief set in the Caribbean.

It’s all about embracing bright island colours with bold blooms and botanical prints, neutral earth tones and an exotic kaleidoscope of animal prints. A heady mix of safari and beach life.

Think jungle luxe, taking botanical prints and mixing them in a contemporary way with animal prints and modern camouflage.

Influences range from the palm lined Miami Beach to the eastern African Plains. Different tones of sizzling, tropical colours and prints; Hot mango, citrus and sizzling pinks are perfect to throw on for the beach or for the evening.

The Resort 16 and SS16 catwalks transported us to tropical paradises. At Gucci a clever mix of green floral lace with snakeskin.

Donatella Versace modernised camo, freeing it from its army roots and making it sexy as only she can. Proenza Schouler showed prints inspired by the heat of 50s Cuba in her resort wear whilst Burberry resort showed safari animal prints. Sophia Webster headed into the sea and the land of myth with her tropical mermaids, while Anna Sui, Tommy Hilfiger and DVF went for hot mango and flamingo pinks with animal accents and trims. Dries van Noten’s beautiful silk botanics were balanced with mixed florals at Coach and Zandra Rhodes’ big leaf print. More tropical highlights came from colour accents at Vivienne Westwood, Haider Ackermann and Valentin Yudashkin whilst Sonia Rykiel’s tropical birds and camo and Cavalli’s colourful animal print added extravagance.

Pair any of these looks with colourful heels or flats and the chicest of accessories and tribal jewellery and you’ll have a look that’s hotter than July.

1. Sunglasses by ILLESTEVA 2. Secrets and Lights cuff bracelet by PIAGET 3. La Mini D di Dior Watch

by DIOR 4. Paloma tote bag by CHRISTIAN LOUBOUTIN

5. Gold Struck two finger ring

by STEPHEN WEBSTER 6. Amethyst C de Cartier bag by CARTIER 7. Lady Arpels Colibri Indigo watch VAN CLEEF & ARPELS 8. Malibu Sunset sandal by SOPHIA WEBSTER

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LIFE & STYLE travel

At Your Service Fresh off an extensive multi-million dollar renovation, Capella Marigot Bay Resort and Marina in St Lucia pampers guests with individualized attention

When a group of friends set out on a hike to the summit of St Lucia’s Gros Piton volcano, they expected stunning views and close encounters with wildlife, but they were in for a surprise. When they reached the top, a man turned to his girlfriend, got down on one knee, and asked her to marry him.

As the group celebrated the engagement on the sunset sail back The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

to the hotel, the staff at Capella Marigot Bay Resort and Marina swung into action.

Upon returning to the resort, the happy couple discovered that the property’s team of personal assistants had decorated their suite, run a bubble bath scattered with fragrant rose petals and set up Piton beers and a Piton-shaped chocolate dessert. A framed photo of the proposal - taken by a friend and emailed to the resort - was placed on their bedside table.

Going above and beyond is standard when it comes to service at Capella Marigot Bay. “We felt like part of the community from the moment we arrived to the moment we hugged and kissed goodbye,” one guest raved. “The staff genuinely seem to love what they do and everyone greets you by name. Every little detail was perfected to make an exceptional guest experience.”

Pampering Prep Perfection doesn’t just happen. Capella Marigot Bay’s team of personal assistants do their homework, reaching out to guests (or their travel agent) three weeks before arrival to learn about room preferences and dietary restrictions, to arrange airport transfers, to stock the guest’s fridge with their favorite food and drinks, and to create an itinerary tailored to their specific desires.

If a customer craves relaxation, a trip to Soufrière’s mud baths may be in order. Active guests might prefer to hike the Pitons or snorkel. Want to mingle with locals? Your personal assistant might

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Opposite: The stunning renovated resort overlooking the tranquil waters of Marigot Bay, image courtesy of Capella Marigot Bay Resort and Marina, St Lucia

point you in the direction of a nearby popular fish fry or street party.

Red Carpet Arrival Once guests touch down at the airport, they are greeted with warm smiles, chilled lavender-scented towels, bottled water and snacks at the dedicated Capella kiosk in the Arrivals area. A personal driver in a luxury car whisks guests straight to the resort, where they are welcomed by their own personal assistant - and a spiced iced tea (spiked, if they prefer).

Check-in is tailored to each guest and includes a tour of the grounds, fresh from an eight-month, multi-million dollar renovation that upgraded all the rooms, added an infinity pool and created new dining options such as the hotel’s signature restaurants, The Grill at 14⁰61⁰ and Rum Cave.

Tranquil Marigot Bay was described by author James A. Michener as “the most beautiful in the Caribbean.” The worldrenowned safe harbor is home to sailboats, super yachts, and a quaint marina village. Ringed by lush green mountains, each room at Capella Marigot Bay has a view of the water or the tropical gardens. All rooms have a terrace or outdoor space and all 57 suites have a private outdoor hot tub.

Bespoke Itineraries Staying at Capella Marigot Bay has its own unique pleasures.

Most mornings, a speedboat takes hotel guests on a 15-minute

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ride past a fishing village to hidden Anse Cochon beach, where you can snorkel and have the island version of plantain chips and dips and burgers (and rosé and rum punch) delivered directly to your chair.

Special poolside amenities (popsicles and frozen chocolatedipped bananas) and daily turndown treats (coconut cookies and local rum) change daily to delight guests.

Carefully curated excursions on the island include dolphin watching, a guided rainforest hike, fishing along the island’s west coast, and horseback riding to a plantation that culminates in you swimming while on your horse.

Throughout your stay, personal assistants fulfill your every whim and give you insider access and information. Many guests have questions about the super-yachts docked in the marina. When it’s possible, Capella staff can arrange private tours of the ships.

“Our personal assistant went above and beyond from the very beginning,” one guest says. “We only had five days to explore this beautiful island and he helped us pack in as much as possible.”

Their customized itinerary included therapeutic massages at the spa, hiking the trail just across the bay, hiring a catamaran, and kayaking. At night, they mingled with the locals at The Brut Bar. “Our personal assistants took care of every detail, from booking excursions to restaurant reservations and everything in between,” the guest continues. “They even had ear drops delivered from the pharmacy to help my husband’s swimmers’ ear! It was one of the best trips I’ve ever taken in my life.”

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You can have your dreams ... or you can live them Caribbean lifestyle with an investment opportunity

• 4 five bedroom villas available.

• Interior decorator ready can be delivered within 60 days from signing contract - starting from US$ 4 million.

• Villa owners have full access to laluna resort services and amenities including Italian restaurant, sunset lounge, Asian spa, gym, beach yoga pavilion, water sports, tennis, concierge service.

• Laluna management and rental programme available to maintain the villas and rent them when owners are not using them.

• 12 meter berth included in the price of the villas at Camper & Nicholson’s Marina 10 minutes away from Laluna (upgradable to a bigger berth).

• Zero taxes on the purchase of the villa, with economic citizenship program available and included in the price of each villa.

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LIFE & STYLE Laluna

One Week in… Grenada Italian hotelier Bernardo Bertucci’s top tips on how to spend an unforgettable 7 days on his adopted island home of Grenada, the Caribbean’s Spice Islet

Recommendations for unwinding from the flight and a lazy first day?

International travel can be stressful, but traveling to and from Grenada is easy.

The island’s small international airport welcomes flights from the US, Canada, Europe, and across the Caribbean on a daily basis, and the airport staff is welcoming and accommodating. To make things even easier, Laluna Resort offers an airport transfer package that can help you glide through private Immigration and Customs processing and private transportation of your party and luggage direct to the resort.

Grenada runs on “island time”, and it won’t be long until you start to unwind and feel at home on the Isle of Spice. To help you immediately slip into “island time” pick up one of the Grenada’s signature drinks – a rum punch with a sprinkling of freshly ground, locally grown nutmeg – and heed the call of the Caribbean Sea. Spend the

day soaking up the sun, relaxing on our white sand beach and taking dips in the warm water.

Best way to completely re-charge body and soul?

To help you feel full revitalized, I recommend starting the day off with a yoga session at our beachfront yoga pavilion.

Whether you are experienced at yoga or a beginner, there is nothing quite like listening to the birds chirp in the trees, the waves lap the shore and the soft breeze rustle the palm leaves as you find your center and restore your personal balance. As an extra special treat, I also like to enjoy a massage by an expert masseuse. If you’re traveling with a loved one, a couple’s massage can be a great way to enjoy a relaxing hour together.If you are in need of extra pampering, the fourhanded Indonesian massage at Laluna’s Asian spa will really show you what relaxation is all about. After years of traveling, we

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came to truly appreciate the spa techniques of Indonesia, which is why we hire our masseuses from Bali in order to give our guests the ultimate, authentic experience.

Of course, in my opinion, one of the best ways to connect with the island and recharge your batteries is by getting out on the ocean. Grenada is flanked by both the Caribbean Sea and the Atlantic Ocean, each of which offers a different experience.

Whether you head out for a sunset cruise for a couple of hours or for a full day at sea sailing around the island, being out on the water, taking in the different colors of the sea, is truly calming and restorative.

The must see sites to explore on the island?

Visiting Grenada offers travellers a chance to experience an island un-marred by overpopulation or abundant tourism. Grenada is still a hidden gem in the Caribbean, and even the most popular locations remain

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pure and authentic. There are so many things that I could list as must-sees, but I’ll try to narrow it down. For those that enjoy hiking, I highly recommend a trip to Grand Etang National Park and Forest Reserve.

Up in the mountains, the air is cooler and wildlife is abundant. If you go early enough and bring some mangoes or bananas, you may have the chance to feed the wild mona monkeys that inhabit the forest. There are many beautiful waterfalls within a close drive of the forest. Local favorites include Seven Sisters, a series of seven falls that can be jumped with the aid of a guide, and Royal Mount Carmel Falls, which include a natural rock series that creates a sort of water slide for brave explorers to slide down. For snorkelers or divers, a mustsee is the Grenada Underwater Sculpture Park. The sunken statues are fun to explore, and they also help rejuvenate the local reef.

Finally, a trip downtown is a must. In the open-air spice market, you can find an

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abundance of locally grown produce to try, including French Cashews, water lemons, a variety of mangoes, sour sop, sugar apple and more. We come by the name of “the Spice Isle” honestly, so don’t miss out on the locally produced nutmeg, cinnamon and turmeric. For history buffs, Fort George and Fort Frederick are both nearby and are interesting to explore.

Any personal favourite hidden gems to visit?

Of course, I would have to say Laluna.

We are off the beaten path, and our quiet, secluded beach is the perfect place to spend an uninterrupted day relaxing on the beach.

That aside, one of the most magical experiences you will ever have is if you are able to visit the north side of the island during sea turtle egg laying season. There is a fantastic conservation group that works on the island to carefully monitor the laying and hatching of local sea turtles each year. As

a part of their efforts, they lead small tours each night down to the beach to observe the turtle’s ritual. Being able to observe a giant sea turtle come ashore the same beach she was hatched on to lay her eggs under the moonlight is truly a once-in-alifetime experience. For those looking for a fun adventure, we recommend heading to Hog Island on a Sunday to ‘lime’ (the local term for hanging out with the locals). Grab a Grenadian rum punch from Roger’s Bar, a beachside shack, and get your hips moving to the live music that gets everyone dancing barefoot on the sand.

Advice for a day at sea?

For a truly authentic experience, you can’t go wrong by chartering a locally built wooden schooner. These ships were initially built for inter-Caribbean cargo shipments and they are now used for activities around the island. Don’t let their history fool you – they have been re-imagined to provide

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

a luxurious day at sea, and their crew have sourced the best locally prepared fare and beverages to make for an unforgettable day.

Try sailing for a day, with stops to snorkel in calm waters and take in the local sea life.

If you are lucky, you may even sail through a school of flying fish or even encounter a pod of playful dolphins.

Dining recommendations for an unforgettable meal?

There are a few not-to-be missed restaurants on the island. Grenada is lucky to have attracted chefs from across the globe who were drawn to the island’s beauty and abundance. At Laluna, we focus on the cuisine of my home – the Calabria region of Italy – made unique with a Caribbean twist and ingredients. We have paid special attention to building our wine cellar, and are known to have many unique bottles from small vintners previously unknown to our guests. A short walk down the beach from Laluna is another favourite: the Beach House. Their menu focuses on continental and Caribbean cuisine and they utilize local ingredients, such as spiny lobster and callaloo, to their full advantage. For a unique experience, nothing beats Patrick’s in-home restaurant on the way into St George’s.

There is no menu; the cook will prepare 20 dishes for you and other guests based

on what is fresh, local and delicious. You will get to experience the true flavors of Grenada and can pick out the melding of Indian, French and Caribbean influences.

And, if one week in Grenada just simply isn’t enough?

One week in Grenada is hardly enough, something I recognized early on when I made it my home. While I have always enjoyed, and continue to enjoy, meeting new guests at Laluna, I also wanted to help those interested in a longer-term solution to their need for an island escape. With that in mind, we created the Laluna Villa Estate adjacent to our resort. Built on a bluff overlooking the Caribbean Sea, these villas combine Caribbean cool with European luxury in the most stunning setting imaginable. Each five-bedroom home features indoor and outdoor living and dining and an infinity edge pool. Villa owners get all the benefits of access to Laluna Resort with the bonus of the full privacy offered by ownership of a private property in the exclusive villa community. As a benefit to villa owners, Laluna provides full villa management, including the utilization of the villa as an income source with managed vacation rental opportunities.

For more information, visit www.laluna.com

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LIFE & STYLE art

The Secret’s Out As relations between the USA and Cuba come out of the deep freeze, contemporary art collectors are flocking to Havana’s galleries. So, is now the time to invest in Cuban contemporary art?

Robert Cooper

In December 2014 the world was stunned by an announcement that the USA and Cuba would work towards normalizing relations. For over half a century relations between the Cold War foes have been in a deep freeze. The announcement on the normalization of relations came soon after a brief (but symbolically important) handshake between US President Barack Obama and Cuban President Raul Castro at the funeral of Nelson Mandela in December 2013. It has since been followed up by the full restoration of diplomatic relations in July 2015, President Obama’s call on Congress to lift the decades-long embargo on Cuba and a number of phone calls and one-to-one meetings between the two presidents.

US officials have talked of a “new era” in relations between the Communist Caribbean island and “The Leader of the Free World.” The handshake between Obama and Castro has been seen by many as heralding a turning point in relations between the two countries and all eyes have been on Cuba speculating what the easing of American trade and travel restrictions could mean for the island’s economy.

However, for those with an interest in contemporary art, Cuba has been on the radar for a long time. Several prominent art collectors and galleries have been closely watching the Cuban art scene for many years, building up extensive collections of work. For example, Howard Farber – founder of Cuban Art News and the Farber Foundation which is dedicated to the promotion of Cuban art and culture – has been collecting contemporary Cuban art for 14 years. He is impressed by the sheer volume of high quality art produced by the island.

“For such a small country, they are producing great artists,” he says. Farber has amassed an eclectic collection of works by Cuban-resident and Cuban-born artists including Los Carpinteros, Yoan Capote and Armando Mariño ever since he first visited the island with his wife in 2001.

As relations between the USA and Cuba improve, devotees of Cuban art such as Farber expect more and more collectors to follow suit. Travel companies are selling art tours to Havana and well known personalities such as Hollywood actor Will Smith have reportedly made a beeline for the city’s art galleries to snap up

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“Flag my height” by Felipe Dulzaides (2007, Neon, 174 x 87 cm), image courtesy of Galería Habana Opposite: “El abanderado” / “The Standard Bearer” by Raúl Martínez (1970, mixed media on paper, 50 x 70cm), image courtesy of The Farber Collection

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LIFE & STYLE ART

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Untitled – More than you expect series by Juan Pablo Ballester (1994, photography – color print, 160 x 180cm), image courtesy of The Farber Collection Opposite: “Atlantes” 2 of 4 by José A. Toirac and Meira Marrero (2010, painting – oil on canvas, 150 x 220), image courtesy of The Farber Collection

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pieces by artists who, while well-known at home, are relatively unknown abroad. As Farber explains, “in my many visits to Cuba in the last six months I have seen a tremendous amount of museum curators and collectors from the US and other countries visiting artist studios.

The word is starting to get out.” Francisco Tardio, Director of the Centro Cultural Español in Miami (CCEMiami), which promotes cultural exchange between Latin America, Spain and Miami and recently held a multidisciplinary event showcasing Cuban art called (Art) xiomas (CUBAAHORA: The Next Generation), also believes that the easing of travel restrictions on American Citizens travelling to Cuba will raise the profile of Cuban art and attract new fans. “There is a big interest on what is going on in Cuba, and since it is easier for critics, curators and collectors to travel there, the impact will become even bigger,” Tardio says.

In Cuba there is also hope that improved relations will provide a boost to the Cuban art scene and a belief that Cuban artists will benefit from warmer relations with their much larger northern neighbour across the Straits of Florida. Luis Miret Pérez, Director of the prestigious Galería Habana in the island’s capital says that with improved relations “there will be more cultural and commercial exchange between the two countries and the best artists will get better representation in the most important art market of the world.”

As a consequence, the value of Cuban contemporary art has been rising. According to Maria Vega of London-based Ministry of Nomads, which runs pop-up exhibitions of work by emerging and established artists from various countries (including Cuban artists Mabel Poblet and Yunior Marino), “the value of Cuban art

has been going up over the last few years. Now, with the new opening of Cuba to USA, the art will be much more precious.”

Auction house Phillips which specializes in 20th and 21st Century art recently held an auction of Latin American art which set auction records for three living artists, including Cuban artist Carmen Herrera. Kaeli Deane, Head of Sales for Latin American Art at Phillips is optimistic about the rising value of Cuban art but with a caveat. “The value of contemporary Cuban art has already begun to rise since the change in diplomatic relations with the United States, and I believe this general trend will continue,” she says. “However, this will affect certain artists more than others. Before, part of the attraction to Cuban art was its mystique and forbidden nature. Now that collectors, curators and dealers are looking at art from this country with a more critical and focused eye, Cuban art will be judged by international standards of excellence. Therefore the value of the best artists will rise and ‘tourist art’ will receive less attention from the market.”

So, is now the right time to buy Cuban art? Howard Farber certainly thinks so. “Nobody is a mind reader on the future, but with 14 years’ experience of collecting Cuban contemporary art, as well as the information I have on the current situation, and 40 years of collecting art, I am still buying like mad. The art is great. The artists are extremely talented. And, the prices are so low that, I believe, a collector can acquire a great work of Cuban contemporary art for the equivalent of the price of Sales Tax on an American contemporary painting.

People ask me if it’s too late to start to buy. I tell them that it hasn’t even started yet.”

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LIFE & STYLE COCKTAILS

Happy Hour Fresh mojito or fruity rum punch? There’s nothing quite like a cooling cocktail on a hot, sunny Caribbean day (or at “magic hour” as the sun sets for that matter). So, here are four cocktail recipes created by leading Caribbean hotels for you to enjoy on your travels or make at home

Mangojito Four Seasons Resort Nevis

The GoldenEye GoldenEye, Jamaica

Invented by Chief Mixologist Kendie Williams, this is a signature drink at the 101 Rums Bar. The flavour of mangos grown on Nevis adds a new twist to a classic cocktail.

A favourite tipple at its namesake resort in Jamaica where author Ian Fleming penned the first Bond novels, the GoldenEye is simple and delicious. And of course… enjoy shaken, not stirred.

Glass: Highball

Glass: Cosmopolitan

In a glass muddle 7 sprigs of mint and ½ a lime (diced). Add ice, 2 ounces of Brinley Gold Shipwreck Mango Rum, 3 ounces of mango puree, the juice of ½ a lime and stir. Top with soda water and garnish with 1 slice of lime and 1 sprig of mint.

Fill a shaker with Jamaican distilled Blackwell Rum, fresh, golden pineapple juice and some crushed ice. Shake for 10 seconds. Pour into a glass, add a squeeze of lime and garnish with an extra slice of lime.

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Paradise Rum Rosewood Little Dix Bay, British Virgin Islands

Jam at Home Le Guanahani, St Barts

Bursting with passionfruit, pineapple and lime, this blend works perfectly with the fruity flavours and bright colours of Triple Sec and Aperol, making it the ideal pick-me-up for a hot day.

Created by luxury boutique hotel Le Guanahani, this drink combines the fruity flavours of passionfruit and marmalade with the smooth taste of Grey Goose Vodka. Sunshine in a glass.

Glass: Hurricane

Glass: Old Fashioned

Fill a cocktail shaker with ice. Add 1 ounce of Aperol, ½ an ounce of Stolichnaya Vodka, ¼ of an ounce of Triple Sec, 2 ounces of passionfruit juice, 2 ounces of pineapple fruit juice and ¼ of an ounce of fresh lime juice. Shake for a few minutes and garnish with a slice of fresh orange or pineapple.

Add the pulp and seeds of half a passionfruit to a hemisphere of ice and put aside. Fill a glass mixer with 1 ½ ounces of Grey Goose vodka, ¼ ounce of agave nectar, 1 ounce of lime juice, 2 coffee spoons of wild berry marmalade and 2 scoops of crushed ice. Cover and shake vigorously for 5-10 seconds. Pour into a glass and garnish with the fruit-filled hemisphere of ice and a spoon.

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PR IME PROPE RT Y A showcase of the finest Caribbean homes for sale, directory of investment locations and the region’s most sought after commercial investment opportunities

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Anguilla Antigua & Barbuda Aruba, Bonaire and Curaçao The Bahamas Barbados Belize British Virgin Islands Cayman Islands Costa Rica Dominica

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The Dominican Republic Grenada Jamaica Mexico Montserrat Nicaragua Panama Puerto Rico

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Roatan Saba St Barts St Kitts & Nevis St Lucia St Martin / St Maarten St Vincent & The Grenadines Trinidad & Tobago Turks & Caicos US Virgin Islands

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PRIME PROPERTY RESIDENTIAL

Life of Luxury — Anguilla Ultra-Lux Beachfront Home Little Harbour Set on 1.5 acres of manicured landscape gardens with a private white sand beach, jetty, 2 pools and a tennis court, this magnificent residence enjoys sublime views of the neighbouring islands of St Barts and St Martin.

The property comprises a main house, self-contained garden house and guest cottage with a total of 9 bedrooms, all with en suite bathrooms, 5 of which also include walk-in closets.

The spacious open plan living and dining rooms, chef ’s kitchen and bedrooms have all been recently refurbished and upgraded to deliver one of the most desirable homes for sale on the island of Anguilla.

Offered at: US $9,000,000 Anguilla Opulent Escape Measuring just 35 square miles and home to 15,000 people, the British Overseas Territory of Anguilla boasts 33 pristine, unspoilt and uncrowded white sand beaches leading down to tempting crystal clear turquoise waters and spectacular coral reefs.

With beaches internationally recognised as some of the best in the entire world, plus superb spas, tennis, golf and sailing facilities, this quiet luxury hideaway attracts the jet set crowd from visiting Hollywood stars to luxury yacht owners.

The real estate market is geared towards the luxury end of the market. Foreign buyers must apply for an Alien Landholders License.

Why Buy in Anguilla?  Tax haven with no capital gains tax, estate tax or any other

form of direct taxation on individuals or corporations.

 World class beaches, crystal clear turquoise sea and

spectacular coral reefs.

 Friendly local people and low crime rate.

For details on this property and many others in Anguilla, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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P RO MOTI ON T HE BEACH HOUSE

Beachfront Bliss Cool, clean lines, an unsurpassed attention to detail and a jaw-dropping location on the pristine white sands of Anguilla’s Meads Bay Beach make The Beach House, without a doubt, one of the most spectacular homes on the market today

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Location, Location, Location Tiny Anguilla is renowned for its beaches which count among some of the very best in the world. Located on the island’s northern shore, Meads Bay is home to one of Anguilla’s most beautiful – an expansive stretch of powder-soft white sand which fades into the impossibly turquoise Caribbean Sea. Fronting directly on to this beach is, aptly named, The Beach House. This magnificent residence boasts an unparalleled direct beachfront location and enjoys the most stunning view in the Caribbean – a never-ending vista of perfect blue sea.

Design, Design, Design Besides an unrivalled setting, The Beach House is a masterpiece of contemporary design. The property was the winner of the Best International Architecture Single Residence Award at the prestigious International Property Awards. With one look at The Beach House it is easy to see why. With soaring columns and striking lines, the design is minimalist yet elegant, understated yet impressive and impactful – a rare combination in the Caribbean. A truly special home, The Beach House represents a unique opportunity for a buyer to purchase a property that is the very definition of contemporary Caribbean luxury.

The Heart of the House Comprising 8 bedrooms, 10 bathrooms and 2 powder rooms, which includes a separate 1 bedroom self-contained apartment, the interior of The Beach House has been maximised to provide the ultimate in indoor/outdoor Caribbean living.

The open plan living areas feature spectacular floor to ceiling glass with breath-taking views out to the Caribbean Sea and beyond. The gourmet kitchen opens out onto an expansive veranda with a mag-

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nificent seating area. A stunning patio area leads on to an incredible 44 ft infinity pool. The lavish bathrooms are nothing short of magnificent, combining opulent modern design with the casualness of the Caribbean outdoors.

The Beach House has every facility and more that you would expect from a luxury home of this calibre, including an 18-seater cinema room and entertainment area, library, bar, games room, outdoor hot tub, children’s play area and private tennis court. The property boasts an incredible total of 10,000 sq ft of internal living space, coupled with 5,000 sq ft of interior terrace.

Laidback Living on Anguilla With such a wide range of superb amenities there is rarely cause to venture beyond The Beach House, but, for those times when you are so inclined, Anguilla has much to offer. The island offers a unique blend of high style and unhurried, low-key elegance that appeals to some of the world’s most discerning visitors and property buyers from Hollywood stars to Wall Street executives. You won’t find any cruise ships, casinos or typical tourist attractions here. What you will find is a selection of outstanding beaches – an impressive total of 33 within the 35 sq miles of this haven of tranquillity.

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For golfers, there is a famous Greg Norman-designed golf course located just a short drive away. There is also a variety of superb quality restaurants - the pride of Anguilla - which are known to be regular favourites of esteemed clientele including Robert DeNiro and Paul McCartney.

A Wise Investment For anyone wishing to purchase in Anguilla its benefits extend beyond the beautiful beaches and gourmet food. As a British Overseas Territory it has a prosperous and safe economy, a high standard of living and an established and growing high end real estate market. It is also a tax-neutral territory offering freedom from income tax, capital gains tax, VAT and inheritance tax.

This makes The Beach House an extremely rare property. The perfect combination of an unparalleled home in an exquisite beachfront location with investor benefits. It really is a unique opportunity to live the dream.

For details on this property contact: John Barker: john@grobylodgeestate.co.uk Tel. 01530 249719 or 01530 249638

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PRIME PROPERTY RESIDENTIAL

Sun, Sand & Citizenship — Antigua & Barbuda Beachfront Apartments Falmouth Harbour These apartments are situated in a boutique condo hotel which enjoys a direct beachfront location in Falmouth Harbour – one of the Caribbean’s premier yachting centres.

The condo hotel features 23 apartments blending West Indian and contemporary Italian design with a range of amenities including a restaurant, pool, fitness centre, dock and beach.

1 bedroom, 2 bedroom and 2 bedroom penthouse units are available, all of which are approved for Antigua’s Citizenship by Investment Program.

Offered at: From US $865,000 Antigua & Barbuda Besides the Beach Famed for its 365 beaches, Antigua and Barbuda is the epitome of the Caribbean dream. Antigua also offers attractive tax benefits, a stable political system and world famous sailing events. As a consequence, the island’s well-established real estate market has attracted some of the world's icons of music and fashion, including Eric Clapton and Giorgio Armani.

An almost undiscovered paradise, neighbouring sister island Barbuda remains off the beaten track. Its pristine beaches are a treasure to be enjoyed by the lucky few.

A recently introduced Citizenship by Investment program offers eligible investors the opportunity to apply for full citizenship of the country.

Why Buy in Antigua & Barbuda?  Established real estate and rental market with

income generating potential.

 Regional hub with international flights from

the Caribbean, Europe and North America.

 Recently introduced Citizenship by Investment

Program stimulating the market.

For details on this property and many others in Antigua & Barbuda, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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PRIME PROPERTY RESIDENTIAL

Triple Delight — Aruba, Bonaire & Curacao Waterfront Luxury Home Malmok, Aruba Located in a prestigious part of Malmok on the northwestern coast of Aruba close to a pristine white sand beach, spa, shops, restaurants and 18-hole championship golf course, this spacious home features 7,556 sq ft of living space.

The property includes 7 bedrooms, 6.5 bathrooms, open plan fully equipped kitchen with breakfast area, formal and family living rooms, formal dining room and office.

Outside there is a pool, Jacuzzi, BBQ area and free standing gazebo which enjoys beautiful views of the Tierra del Sol golf course and the sea.

Offered at: US $2,700,000 Aruba, Bonaire & Curaçao Go Dutch Culturally and geographically distinct from other Caribbean islands, the “ABC Islands” have historical ties to the Netherlands, the legacy of which has resulted in Dutch place names and architecture.

All three share a warm, dry climate, arid landscape dotted with cacti and divi-divi trees, and location outside the hurricane zone.

From the property buyer’s perspective, there are no limitations on buying property. Closing costs typically amount to 8% of the purchase price - 6% transfer tax plus notary fees.

Why Buy in the ABC Islands?  Flourishing tourism sector with superb diving.  High standard of living. Miles of beaches, rugged landscape and

fascinating colonial architecture.

For details on this property and many others in the ABC Islands, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Warm Welcome — The Bahamas Opulent Beachfront Estate Paradise Island Located in a prestigious gated community on Paradise Island, this ultra-luxury home is situated in a prime beachfront location and enjoys beautiful ocean views.

Exquisitely finished with marble floors and a 25 ft glass wall in the atrium, this exquisite home features 5 bedrooms, 3 sumptuous reception rooms and private movie theatre. Outside, a vast shaded dining terrace leads to a magnificent pool with sunken living area.

Residents enjoy access to a world-class 18-hole championship golf course, tennis courts and private beach club.

Offered at: US $11,500,000 The Bahamas Archipelago of Advantages Comprised of hundreds of islands, rocks and reefs sprinkled like jewels in the turquoise ocean, The Bahamas is breathtakingly beautiful. Countless pink and white sand beaches entice over 1.3 million tourists to visit each year.

The archipelago is popular with property buyers too.Besides the beaches and clear sea, investors prize the choice of some of the finest homes for sale in the Caribbean, the tax benefits, high standard of living and the option to apply for permanent residency through a minimum investment of US $500,000 in real estate.

Why Buy in the Bahamas?  Offshore tax haven with no income tax,

VAT or capital gains tax.

 Less than 50 nautical miles from Miami with direct

daily flights to North America and Europe.

 Very high quality beachfront real estate and private

islands for sale.

For details on this property and many others in the Bahamas, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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PRIME PROPERTY RESIDENTIAL

Beyond Compare — Barbados Stunning 4 Bedroom Home Carlton Ridge, St James Stunning fully furnished 4 bedroom luxury home for sale located on the prestigious west coast of Barbados.

Set on a ridge with dramatic views across a mahogany tree gully to the Caribbean Sea, this 4 bedroom property is designed in stunning contemporary style with clean lines and floor-to-ceiling glass windows and doors.

The house features 4,330 sq ft of living space with double height living room, ground-level and roof-top terraces, a beautiful infinity pool and a half acre of beautiful gardens.

Offered at: US $4,750,000 Barbados Gem of the Caribbean With its rolling green hills and close historical and political links to the UK, Barbados is often referred to as Little England, but with the added benefits of sunsoaked pristine white sand beaches, world-class golf courses and superb polo fields.

Having firmly established its luxury property market ahead of many Caribbean neighbours, Barbados has not lost its lustre. High net worth home buyers continue to value the stability and strong fundamentals of the island.

There are no restrictions on non-nationals buying property, which ranges from luxury apartments to historical plantation homes.

Why Buy in Barbados?  Regional hub with international flights from the

Caribbean, Europe and North America.

 Established prime property market.  No inheritance, capital gains or gift taxes and new

incentives for high net worth investors.

For details on this property and many others in Barbados, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Reefs & Rainforest — Belize Beachfront Home for Sale North Ambergris Caye Located in a beautiful location on 100 ft of beachfront in North Ambergris Caye, this luxury home enjoys beautiful views of the Caribbean Sea and surrounding tropical greenery.

Including 7,500 sq ft of living space plus 3,500 sq ft of outdoor entertaining space, the property features 5 bedrooms (each with private balcony), 5.5 bathrooms, living room, dining room and kitchen.

Offered fully furnished and finished with Belizean hardwoods, the property fronts on to the water on the front and back, with both sides featuring a dock.

Offered at: From US $5,995,000 Belize Jaguar Country Bordered by Mexico and Guatemala, Belize is unique in being the only English-speaking country in Central America. It has a long Caribbean Sea coastline, fringed with white and golden sand beaches. With ancient Mayan ruins hidden away in lush, old growth rainforest and the second largest barrier reef in the world, Belize is a nature lover's and a diver's paradise.

An attractive package of tax incentives for retirees and direct access from North America has made the country an emerging investment location with growing real estate market currently offering good value.

Why Buy in Belize?  English-speaking tropical paradise with miles of

beaches and rainforest.

 No inheritance or capital gains taxes.  Attractive retirement program offering residency and

exemption from Belizean income tax for participants aged 45+ with a non-Belizean based income of US $2,000 per month.

For details on this property and many others in Belize, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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P RO MOTI ON T HE ABACO CL UB

Barefoot Luxury Disappointed by large hotels lacking the personal touch and boutique resorts that don’t deliver on quality? Welcome to The Abaco Club, a Bahamian property that gets it just right.Visit once and you may not want to leave (and you don’t have to)

Every trip to the islands is an investment.

An investment in time, in money – and in emotional energy. You want it to pay off.

The problem is, all too often tropical resorts that look like paradise on the internet can turn out to be disappointing. You know the kind: they’re either 500-room hotels full of sunburned vacationers and pale casino-goers or they’re smaller places that are big on charm but not so big on quality or service.

The Abaco Club in The Bahamas is neither kind of resort. Because in truth, The Abaco Club isn’t a resort at all. It’s a private, international sporting club. There’s no towering beachfront hotel here. In fact, there’s no hotel at all. Instead, you have your choice of the luxurious, freestanding cabanas and charming pastel-colored cot-

tages that are spread throughout the property. For a night – or a week or month— you can enjoy The Abaco Club just as the club members and homeowners do. And you should.

Here, buffeted by the warm tropical breezes, all the cares of the world just seem to evaporate, replaced by hours of splashing around in crystal-clear waters, enjoying rum drinks like the signature “Abaco Smile,” sampling seafood so fresh it’s still flapping, and partaking in all manner of holiday leisure activities. For years a RitzCarlton Destination Club, The Abaco Club is now owned and operated by Southworth – one of the world’s leading resort and residential real estate firms. What was a magnificent property to start with is now being taken to an even higher level.

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“The Abaco Club has everything money can’t buy,” said David Southworth, Founder of Southworth Development. “It’s a gorgeous setting, with a well thought-out master plan and a passionate club membership. And it’s only getting better.”

What makes The Abaco Club a worldclass facility? For starters, its one-of-akind setting. The Club is located on the most charming of The Bahamas’ Outer Islands - Great Abaco - and is graced by a 2.5-mile powder-soft beach that stretches as far as the eye can see. And that’s only one of its many seductive amenities. The club’s Scottish-style links golf course is a great test and has perennially been ranked as the number-one course in The Bahamas.

As you’d expect, the club also offers water sports galore - from kayaking, sailing

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and snorkeling to world-class bonefishing and deep-sea fishing. Some of the best trophy-fish angling in the world can be found within minutes of the club’s shoreline. Spending time on the tennis courts or in the fitness center are other invigorating options, as is visiting the club’s luxurious spa. And, all the while, the pristine white sand beach beckons you every day, just waiting to be explored. Cap it all off with an open-air breakfast or lunch at Buster’s Beach Bar, or by sitting down and enjoying the exquisite local cuisine offered daily at The Cliff House restaurant, and you have the makings of a holiday that you’ll never want to see end.

Fortunately, for those who decide to purchase a club membership or home at The Abaco Club, it doesn’t have to. The

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residences for sale here are magnificent and come in a variety of designs and sizes ranging from cozy cabanas and charming cottages to grand oceanfront estates. Each home is situated steps from the beach and each is meticulously appointed with all of life’s necessities. Wake to the sound of crashing waves, stroll to the golf course or spa, or just relax on your private patio and look out over the sparkling, turquoise sea while the Abaco parrots chirp their warm morning welcome. It’s an atmosphere of quiet sophistication, where you, your family and your friends can enjoy total relaxation when you want it and a wealth of wonderful activities when the spirit so moves you.

“The Abaco Club is truly a world unto itself,” said Kristi Hull, the club’s real estate

sales director. “It’s an enclave that offers the perfect antidote to modern-day life.

People become club members and buy homes here because they fall in love with Abaco and want to establish a permanent connection to this place. They want to be able to return year after year to enjoy the beauty and tranquility of the club with family and friends. And they make new friends here too - people from all over the world who share their appreciation for the incredibly special experiences this club has to offer. It’s a completely unique place, and one that sells itself at a glance.”

Flights to Abaco’s Marsh Harbour Airport leave from Fort Lauderdale, West Palm Beach, Miami, Atlanta and Nassau.

Do yourself a favor and catch one of them.

For more information, visit TheAbacoClub.com

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PRIME PROPERTY RESIDENTIAL

Vestal Vistas — British Virgin Islands 3 Bedroom Waterfront Home Crook Bay, Virgin Gorda Set on over 2.5 acres of grounds in a very private location on the waterfront, this property comprises 4 buildings built into and around Virgin Gorda's magnificent boulders.

The home features a total of 3 bedrooms, 4 bathrooms, large great room with gourmet kitchen and living and dining areas. Outside there are 2 pools, an outdoor bar, outdoor shower and several outdoor patios.

The property is located within walking distance of the best beaches in Virgin Gorda, the Baths National Park and several restaurants.

Offered at: US $4,300,000 British Virgin Islands Yachtie’s Utopia A British Overseas Territory offering no income tax, VAT or capital gains tax, the BVI has emerged as a highly successful offshore financial centre. With 4 main islands, 11 smaller inhabited islands and 35 beachfringed islets and cays scattered in turquoise waters, the BVI is also renowned as one of the world's best sailing and diving destinations.

The alluring combination of a barefoot chic lifestyle and an attractive tax regime, has helped the BVI establish itself as a real estate investment location of choice for high net worth property buyers.

Non-residents require a Non-Belonger’s Land Holding License, for which there is a small application and license fee, plus legal fees and stamp duty (12%).

Why Buy in the BVI?  Low tax jurisdiction with no income, capital gains,

value added, sales, inheritance or gift taxes.

 Stable property market geared towards the luxury

end of the market.

 Thriving financial centre with prosperous economy.

For details on this property and many others in the BVI, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Unsurpassed Sophistication — Cayman Islands Modern Beachfront Home Seven Mile Beach This is a very rare opportunity to acquire a modern, detached home fronting directly on to the white sands of Grand Cayman’s world-famous Seven Mile Beach.

Located on 0.34 acres of grounds, the house includes 3,423 sq ft of living space including 4 bedrooms and 4 bathrooms.

The ground floor is open plan with a gourmet kitchen, living and dining room featuring glass doors which open on to a lounging and dining area leading directly to the celebrated beach.

Offered at: US $6,999,000 Cayman Islands Life at the Top With a highly successful offshore financial centre and a tourism industry that grew 7.4% in 2013, the Cayman Islands offers one of the highest standards of living in the Caribbean.

This British Overseas Territory boasts long stretches of undeveloped coastline, 300 dive sites and freedom from direct taxation – a powerful combination that has created a buoyant luxury real estate market.

According to the Cayman Islands Real Estate Brokers Association, there was a 45% increase in sales in the first 6 months of 2014. The buying process is relatively simple with no restrictions on non-nationals.

Property can be acquired in the name of an individual or corporation (which does not reveal ownership).

Why Buy in Cayman Islands?  Easily accessible, with one hour direct flights from

Florida and other world destinations.

 No inheritance, income, property or capital gains taxes.  Extremely safe with sophisticated infrastructure.

For details on this property and many others in the Cayman Islands, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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P RO MOTI ON OIL N UT BAY

Architecture in Harmony with Nature Oil Nut Bay in the British Virgin Islands - Where world-class architectural design meets unparalleled physical beauty

Set along the eastern peninsula of Virgin Gorda in the British Virgin Islands, Oil Nut Bay fuses thoughtful architectural planning and design with stunning natural beauty to create a resort and residential community that is unmatched in Caribbean luxury.

The community is the vision of David V. Johnson, founder and chairman of Victor International. With 30 years of knowledge accumulated through development of 43 projects, Johnson brings a wealth of experience and a perfected vision for the ultimate luxury Caribbean lifestyle.

Central to that vision is the opportunity to acquire freehold ownership of real estate in a meticulously planned community on the idyllic island of Virgin Gorda - an incredible island of pristine white sand beaches, quiet coves, lush tropical greenery and turquoise waters renowned as a sailor’s paradise.

The resort features 88 uniquely defined home sites, which blend seamlessly into the diverse topography of the island. All buildings are designed in accordance with carefully developed guidelines, The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

ensuring minimal impact on the environment and harmony with the spectacular setting. As each home site is unique in terms of size, shape and topography, Oil Nut Bay has pre-determined how much of each home site should be built on (the building “envelope”) and how much should be preserved as green space. All construction must fall within the “envelope” to provide owners with privacy from neighboring villas and allow homes to blend with the surrounding landscape.

When designing and building a villa, owners can select professionals of their choice. Oil Nut Bay partners with world-class architects who have an established understanding of local conditions and building materials. Most owners take advantage of this knowledge, and use Oil Nut Bay’s experienced construction management company.

Other architectural guidelines allow owners to add a personalized custom finish to the design of their villas, while preserving the visual continuity of the community, through, for example, re-

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quirements that the villas are single story and designed as pod style buildings. These guidelines ensure that structures are less invasive and maximize exterior living space.

Before beginning construction, owners go through an Architectural Review Process. A team of professionals evaluate all plans to ensure they meet Oil Nut Bay’s high quality, eco-friendly standards. Once approved, the construction team assists with obtaining a building permit through the BVI government. When complete, typical home construction ranges from 12 to 18 months.

Featured Villas at Oil Nut Bay Reef House: A 4,800 square foot four bedroom villa, built on a 13,000 square foot envelope on a 2.17 acre estate lot. This villa is a great example of architectural design focusing on building across the width of the home site, while limiting the depth of the building pods on steep hills. This allows Oil Nut Bay to limit the finish height of exposed retaining walls. To keep the villa single story, the pods are spread out and connected by 3,600 square feet of exterior living space, which is tiled with coral stone from a nearby island.

Wings: A 15,000 square foot villa currently under construction is the maximum size permitted at Oil Nut Bay. Given its large size, design guidelines require that this villa be broken up into pod style construction. Wings has six bedroom pods with plunge pools leading back to a communal Great Room, outdoor dining space and pool area. Landscaping will create unique outdoor living spaces, while locally sourced boulders will be used to cover all external walls and help the villa blend into the rocky landscape.

The Cliff Suites: Three luxury one-bedroom rental suites overlooking the Caribbean Sea on the south-eastern peninsula. The Penthouse Suite, featuring both indoor and outdoor dĂŠcor designed by Fendi Casa, is set into the ridgeline and complete with a solar array roof, while the lower two Cliff Suites have native landscaped roofs.

Stone excavated from the site itself makes up the exterior cladding, while the window and door colors are customized to blend with local stone.

Oil Nut Bay has also put in place a number of green regulations to help conserve natural resources and enhance energy efficiency.

For example, each owner is required to generate at least 4kW of solar energy. Solar panels can be installed on villas but must be positioned out of immediate view. Alternatively, owners can buy into the Community Solar program.

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The amenities and infrastructure at Oil Nut Bay are also built with architectural panache and harmony with nature in mind.

The Nut House Kids Club incorporates large Cypress trees into its impressive design and a 400,000 gallon cistern set beneath the tennis courts is used for conversion of seawater to freshwater: for drinking, showering and swimming pools, both in the villas and at the beautifully designed, world-class Beach Club.

The unparalleled physical beauty and governing design guidelines truly make Oil Nut Bay one of a kind. A thoughtfully planned community which epitomizes carefully considered architecture and is designed to stand the test of time. This devotion to world-class architecture in harmony with the natural beauty of the island is what sets Oil Nut Bay apart from other developments.

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PRIME PROPERTY RESIDENTIAL

Tropical Escape — Costa Rica Opulent Estate Puntarenas Located about 1 hour to San José International Airport and 15 minutes to the beaches of Puntarenas, this luxurious Mediterranean-style estate enjoys beautiful views of the mountains and Gulf of Nicoya.

Designed for the Countess of Baillet-Latour, the property comprises a total of 6 buildings with 43,000 sq ft of living space, including 10 bedrooms, several living and dining rooms, library, billiards room, pool, spa with gym and 2 guest houses.

The interiors are sumptuously decorated throughout with hard woods, cathedral windows and marble floors.

Offered at: US $3,490,000 Costa Rica The Happiest Place in the World Costa Rica offers the best of laid back tropical living with the benefits of contemporary comforts.

A stable democracy with a prosperous economy, this Central American country is progressive, friendly and welcoming. Education and health care are also affordable and high quality. It's therefore no surprise that Costa Rica was ranked first in the global Happy Planet Index.

With 4 mountain ranges, 800 miles of beautiful coastline and hundreds of national parks, Costa Rica offers an alluring combination of landscape and lifestyle with 5% of the world’s biodiversity.

Why Buy in Costa Rica?  Stunningly beautiful, varied landscape.  Direct flights from the US, Canada, UK and Europe into

3 international airports

 Temporary residence program for retirees.

For details on this property and many others in Costa Rica, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Rainforest Retreat — Dominica Share of Resort Ownership Salisbury Opportunity to acquire a share of ownership in a luxury residential resort community located on the western coast of Dominica.

Approved for the Citizenship by Investment Program, investment in shares in the project offers eligibility to apply for citizenship (benefits of which include visa-free travel to 130+ countries, minimal taxation and the right to live and work in Dominica).

Located on a dramatic bluff, this resort will comprise a selection of ultra-contemporary, fully serviced villas and apartments. Amenities include a club house, spa, gym, pool and restaurant.

Offered at: US $220,000 Dominica Untouched Island Dominica is a spectacularly green island of rainforestcovered mountains, 365 waterfalls, rushing rivers and black sand beaches. A nature lover's paradise, the island has made a great effort to preserve the pristine environment and to avoid mass tourism, preserving the spectacular natural beauty for the lucky few.

The market largely comprises individual homes and beachfront lots nestled in nature rather than the larger resorts that are common elsewhere.

Foreign investors investing a minimum of $200,000 USD in approved property are eligible to apply for citizenship under the island’s Citizenship by Investment Program.

Why Buy in Dominica?  Untouched, pristine environment both on land

and underwater.

 Good value for money with no capital gains tax,

estate tax or death tax.

 New international airport expected to boost tourism

and real estate markets.

For details on this property and many others in Dominica, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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PRIME PROPERTY RESIDENTIAL

Intelligent Investment — Dominican Republic Lots in Vineyard Resort Azua Overlooking a beautiful bay west of Santo Domingo, these residential lots are located within a new and completely unique resort community.

The community is centred on a fully functioning vineyard which, after years of painstaking trial and error, produces wine of an exceptional quality. The resort also includes a tasting centre, club house with pool and dining area and 2 helipads with plans for a boutique hotel.

Each of the lots is set to include a contemporary villa designed in harmony with the natural setting and its very own vineyard.

Offered at: From US $175,550 Dominican Republic Caribbean Powerhouse With thousands of miles of stunning beaches, lush mountains, gushing waterfalls and idyllic islands to explore, the Dominican Republic is the Caribbean's top tourist destination and a major market for second home buyers.

Investors are drawn not only to the beaches and water sports, but to benefits of a rapidly growing economy and tourism sector, plus a wide range of attractions, including world class golf courses, hotels, spas, marinas and shops.

The buying process is relatively uncomplicated and there are no restrictions on foreign buyers.

Why Buy in the Dominican Republic?  Huge tourism sector providing high rental income

generating potential.

 Good value for money.  Excellent links: 9 international airports with 70+ flights

to the USA and Europe per day.

For details on this property and many others in the Dominican Republic, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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The Spice of the Isles — Grenada 5 Bedroom Luxury Homes Morne Rouge, Grenada Nestled into a lush cliff-side overlooking a stunning white sand beach and the turquoise Caribbean Sea, these contemporary homes enjoy use of all the amenities of a highly acclaimed beachfront hotel.

These contemporary properties, which feature 5 bedrooms, slick open plan living, kitchen and dining room and terrace leading to a private pool deck, were designed by two Italian architects.

Owners will benefit from use of the resort’s excellent Italian restaurant, Asian spa, beachfront yoga pavilion and villa rental programme offering the opportunity to generate income on your villa when not in personal use.

Offered at: US $4,750,000 Grenada Un-crowded, Un-contrived, Un-commercial Grenada, known as the "Isle of Spice" because of the nutmeg, cinnamon and cocoa produced on the island, is lush and green, with verdant rainforests, spectacular waterfalls and more than 45 beautiful beaches.

The waters surrounding Grenada and sister islands Carriacou and Petite Martinique are equally spectacular. The area is renowned for some of the world’s best diving and an entrancing underwater sculpture park. The islands also offer a tranquillity and friendliness that has been lost elsewhere.

Non-nationals need an Aliens Land Holding Licence and are required to pay an Alien Land Holding Tax amounting to 10% of the purchase price plus 1% Stamp Duty.

Why Buy in Grenada?  Affordable real estate market in stable economic

and political climate.

 Spectacular scenery of lush rainforest covered mountains

and unspoilt beaches.

 Relatively new Citizenship by Investment programme.

For details on this property and many others in Grenada, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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PRIME PROPERTY RESIDENTIAL

One Love — Jamaica 10 Bedroom Ultra-Lux Villa Montego Bay Enjoying magnificent views of Montego Bay, mountains and the sea, this ultra-luxury hill-top residence is situated on 16.5 acres in a secure gated community just west of Montego Bay and Sangster International Airport.

The south-east Asian style award-winning property comprises 12 buildings totalling 17,000 sq ft, plus 2 infinity pools, tennis court and helipad.

The property is offered fully furnished, complete with furnishings and artworks appraised at almost US $1 million plus membership of the prestigious Tryall Club renowned for its 18-hole golf club and private beach.

Offered at: US $9,450,000 Jamaica Blue Mountains & White Sands From the cool hills of the Blue Mountains to the white sands of Montego Bay, Jamaica is simply stunning. Its landscape seduces the senses and has lured Hollywood royalty for decades, from Marlene Dietrich to Marilyn Monroe.

The island’s idyllic beaches, crystal clear sea and cascading waterfalls have made it the destination of choice for countless weddings, honeymoons and family vacations. In 2014, 2 million air arrivals were recorded by this tourism giant.

Jamaica also has a well-established second homes market. Several luxury gated communities cater to those who plan on staying longer than a vacation with championship golf courses, restaurants and spas.

Why Buy in Jamaica?  One of the Caribbean’s top tourist destinations with

established attractions and strong rental income generating potential.

 No restrictions on foreign nationals purchasing property.  Regular direct flights from Europe and North America,

including London, Miami, New York and Toronto.

For details on this property and many others in Jamaica, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Mayan Magnificence — Mexico Contemporary Masterpiece Puerto Vallarta, Jalisco Located 5.5 miles south of Puerto Vallarta, on 0.57 acres of grounds in a lush, old rainforest-covered area overlooking Banderas Bay, this outstanding cotemporary home features 17,598 sq ft of stunningly designed living space.

The interior features 5 bedroom suites, a total of 8 bathrooms, state of the art kitchen with 6-seater breakfast bar, open living and dining room, gym and wine cellar.

Outside, a full width terrace features additional outdoor living and dining areas and an infinity pool with gazebo and bar.

Offered at: US $6,950,000 Mexico Tried & Trusted With a population of over 112 million, Mexico has the second largest economy in Latin America, predicted to be the world’s fifth largest by 2050. This vast country is one of the 18 mega diverse countries of the world and home to 10–12% of its biodiversity.

The ruins of ancient empires, white sand beaches and stunning coral reefs attracted 14.2 million tourists in 2014 – a new record. This steady stream of visitors provides property owners with a large rental market to tap in to.

Why Buy in Mexico?  Top 10 world tourism destination and growing.  Established second homes market with luxury

facilities and miles of Caribbean beach.

 Gateway to North, Central and South America.

For details on this property and many others in the Mexico, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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PRIME PROPERTY RESIDENTIAL

Sea Close Up — Montserrat 4 Bedroom Home Woodlands Set on over 1.3 acres of grounds filled with fruit trees and palms, this private villa includes approximately 4,000 sq ft of living space.

Offered fully furnished, the property features 4 bedrooms, games room, modern kitchen with breakfast bar, living room and dining room.

The property opens on to a large deck with covered living and dining area and a large pool from which to enjoy the breath-taking views of the sea, sunsets and lush, green mountain backdrop.

Offered at: US $585,000 Montserrat The Emerald Isle The green-carpeted island of Montserrat was first propelled into the limelight because of its recording studio, which during the island’s 1970s and 1980s heyday, played host to countless stars of the music industry, from the Beatles and Elton John to Sting and Eric Clapton.

The quiet “Emerald Isle of the Caribbean” still attracts a dedicated set of snow birds who return each year to soak up the sun.

With few remaining waterfront homes available, properties are expected to rise in value.

Why Buy in Montserrat?  The ideal place to relax away from the crowds.  Safe and secure.  Excellent value for money - prices significantly lower

than other destinations.

For details on this property and many others in the Montserrat, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Opportunity on the Horizon — Nicaragua 3 Bedroom Beachfront Home Emerald Coast Located in a beachfront resort on Nicaragua's Emerald Coast, this fully furnished and equipped villa features 3 bedrooms, 3.5 bathrooms, kitchen and living/ dining room.

The property opens on to a private deck with deluxe plunge pool and beautiful views of the beach and ocean.

The owner enjoys use of all resort amenities including restaurant, bar, yoga, spa services and water sports, as well as a hotel rental program which offers up to 109 nights of personal use and generates income from the balance.

Offered at: US $599,000 Nicaragua Land of Lakes The largest country in Central America, Nicaragua has long Caribbean and Pacific coastlines. With a tropical climate and varied landscape the country is nicknamed “the land of lakes and volcanoes”.

Rich in wildlife and culture, Nicaragua was recently named by Huffington Post as one of “the best under-theradar destinations of 2015.” The growing tourism sector already attracts well over 1.2 million tourists per year.

Plans for a trans-continental canal to rival Panama’s, would, if realised, provide a major boost to the economy.

Foreign nationals can acquire real estate personally or via a registered corporation. For the time being, property prices remain low.

Why Buy in Nicaragua?  Emerging real estate market with comparatively low prices.  Rapidly growing tourism destination with direct flights

from across the Americas.

 Attractive retiree incentives, including duty-free import

of household goods, vehicles and building materials.

For details on this property and many others in Nicaragua, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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PRIME PROPERTY RESIDENTIAL

Crossroads of the World — Panama Private Island Condos Panama City These condos are located in a community comprising 2 private islands situated just south of Punta Pacifica, the most luxurious residential and commercial area in Panama City.

The condos feature 3-4 bedrooms and private gardens, with some also including private access to a rooftop terrace and private rooftop pool offering spectacular views.

Owners will also benefit from use of tennis courts, a marina, yacht club, 24-hour security and heliport for ease of access.

Offered at: From US $1,394,000 Panama Ripe for Exploration Thanks to a business-friendly environment and a strategic location at the crossroads of North and South America, Panama’s US Dollar based economy has grown at a rapid rate for successive years with ongoing expansion of the Panama Canal expected to drive additional economic growth.

With a low cost of living, low crime rate and good quality healthcare added to the mix, Panama offers a high standard of living.

Tourism is also expected to grow significantly but for the time being, the country’s breath-taking beaches, 1,800 islands and islets, thousands of miles of Caribbean and Pacific beaches and vast rainforest are still considered off the beaten track and ripe for exploration.

Why Buy in Panama?  Good value but rapidly growing real estate market.  Attractive retiree scheme with duty-free imports and

discounts on healthcare and utilities.

 Progressive environment offering immigration, tax and

legal incentives to businesses.

For details on this property and many others in Panama, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Isle of Enchantment — Puerto Rico 3 Bedroom Beachfront Residences Dorado Beach These exceptional residences are located just steps from a reef-protected beach within an exclusive beach, spa and golf resort on the northern coast of Puerto Rico.

The residences features 3,211 sq ft of professionally designed interior living space, including 3 bedrooms, 3.5 bathrooms and an open plan contemporary kitchen with large living and dining areas.

Sliding glass doors open on to 893 sq ft of terrace featuring additional outdoor living and dining space, private pool and Jacuzzi.

Offered at: Price on Application Puerto Rico “Singapore of the Caribbean” Puerto Rico, together with sister islands Vieques, Culebra and Mona, is beautiful and diverse, varying from sun-kissed sandy beaches to lush rainforest.

Despite the government’s debt problems, the territory has a flourishing tourism sector which achieved 6.1% growth in visitor arrivals in 2014 and recently attracted over $100 million of investment in hotel openings and renovations.

Buyers – many lured by tax incentives for high net worth investors – have the same rights to purchase property as in the USA and property can be purchased through a corporation (reducing time to completion).

Why Buy in Puerto Rico?  Strong tourism and real estate sectors fed by

the USA market.

 Direct flights from Europe and North, Central

and South America.

 Quality property for sale including beachfront

condominiums, golf villas and cliff top homes.

For details on this property and many others in Puerto Rico, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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PRIME PROPERTY RESIDENTIAL

Laid Back & Low Key — Roatan 2 Bedroom Beach House Calabash Bight Set on 1.56 acres of land overlooking the sea, this property is located in a direct beachfront position. You can enjoy snorkelling right outside your front door.

The house features 5,000 sq ft of interior and exterior living space, including 2 bedrooms, gourmet kitchen, a spacious terrace from which to enjoy the views and a 2 car garage.

The property is offered fully furnished complete with new air conditioning. 3 additional ocean-view lots are also available.

Offered at: US $525,000 Roatán Life’s a Beach Located 30 miles off the coast of Central America, Roatán is the largest of the Bay Islands and renowned for its lush forests, beaches and 34 miles of coral reef.

Laid back, low key and relatively undeveloped, Roatán is ideal for laid back island living. The tourism, cruise ship and real estate sectors have been boosted by its status as a tax free and duty free zone and the recently expanded international airport which welcomes direct flights from various cities including Miami, Houston, Atlanta, Toronto and Milan.

Foreign nationals can acquire up to 3,000 sq m of land and larger areas via a corporation as either sole or joint owner. Fees typically amount to approximately 6% of the purchase price.

Why Buy in Roatán?  Beachfront real estate offering excellent value for money.  Direct international flights from multiple cities in the

USA and Canada.

 Rapidly developing tourism sector with world class

diving and golf.

For details on this property and many others in Roatán, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Sailors’ Delight — Saba 2 Bedroom Cliff-Side Home Windwardside Perched dramatically on a cliff-side 1,100 feet above sea level close to Windwardside, this private home offers breath-taking views of the mountains, the Caribbean Sea and neighbouring islands.

Set on 0.67 acres, the red-roofed property is built in solid native stone and wood in traditional Saban style.

It features a total of 18,675 sq ft of living space, including a master bedroom suite, galley kitchen, spacious great room opening on to a terrace and a 1 bedroom 1 bathroom guest apartment, with enough space to expand or add a pool.

Offered at: US $750,000 Saba Ahoy There!

First settled by a shipwrecked Englishmen and then by the Dutch, Saba’s red roofed gingerbread cottages have long had an association with pirates and ship's captains.

Today the tiny island – the smallest municipality of the Netherlands – has under 2,000 residents who enjoy a laid back, quiet lifestyle surrounded by the magical natural beauty of the "Unspoiled Queen of the Caribbean."

Home to about 150 species of fish, healthy coral, turtles and lobster, the reefs that lie of the coast offer exceptional diving.

Why Buy in Saba?  Peaceful and quiet – ideal for total relaxation. Safe and secure municipality of the Netherlands

with almost no crime.

 38 official dive sites offering some of the best diving

in the Caribbean.

For details on this property and many others in Saba, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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PRIME PROPERTY RESIDENTIAL

Sensational Sea Views — St Barts 7 Bedroom Beach-View Villa Anse des Cayes With floor-to-ceiling glass windows and doors, this magnificent property takes full advantage of its setting overlooking the beach, sea and the dramatic coastline of St Barts.

Configured over three levels, the property features 7 beautiful bedrooms (including a master suite in a separate bungalow), dining room, 2 spacious indoor living rooms with a series of terraces overlooking the beach and a sleek, professional chef ’s kitchen.

The property opens on to an extra-long swimming pool with pool bar set in a wooden deck.

Offered at: US $11,850,000 St Barts Jewel of the French West Indies In its mere 8 square miles, tiny St Barthélemy manages to exude a distinct Frenchness, from the glamour of the capital Gustavia, with its designer boutiques and restaurants, to the Gallic charm of the island’s red roofed cottages. Its rugged coastline, beautiful bays and 17 beaches have been a playground of the rich and famous for years.

While more affordable condos are available, the average transaction ranges from €5 to €10 million but prices regularly soar north of €30 million, reaching as high as €65 million. A bonus for owners: No annual property tax.

Why Buy in St Barts?  Established world class tourism destination with an

extremely high standard of living.

 Palatial estates can provide owners with significant

rental income.

 Part of the Eurozone and subject to French law.

For details on this property and many others in St Barts, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Best of Both — St Kitts & Nevis 3 Bedroom Luxury Home Southeast Peninsula, St Kitts Situated on 0.85 acres 500 feet above sea level in a boutique gated community which straddles the Caribbean Sea and the Atlantic Ocean, this 5,000 sq ft home enjoys magnificent views of the coastline.

The interior features 2,779 sq ft of living space, including 3 bedrooms suites and an open plan great room with spacious kitchen, dining and living areas enjoying panoramic views on 3 sides.

Taking full advantage of the location, there is a rooftop Jacuzzi and infinity pool set in a sun deck (with BBQ area) offering sensational views.

Offered at: $5,500,000 St Kitts & Nevis Fertile Ground With golden sand beaches set against a dramatic backdrop of rainforest covered mountains, St Kitts and neighbouring sister island Nevis are blessed with a truly spectacular landscape.

Thanks to a successful Citizenship by Investment program, St Kitts & Nevis is also enjoying economic growth and has flourishing luxury real estate and tourism sectors.

Add to this beautiful coral reefs, golf clubs, colonial fortresses and plantations, hospitable people and an attractive tax regime and it’s clear why the islands have become such an appealing proposition to real estate investors.

Why Buy in St Kitts & Nevis?  World’s longest established Citizenship by

Investment programme.

 No income, inheritance or wealth taxes and low

annual property tax (0.2% of market value).

 Rapidly developing tourism and property market

with significant potential.

For details on this property and many others in St Kitts & Nevis, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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PRIME PROPERTY RESIDENTIAL

Lushness & Luxury — St Lucia 3 Bedroom Sea-View Home La Toc, St Lucia Situated in the quiet residential neighbourhood of La Toc, this home features 2,500 sq ft of living space including 3 bedrooms and 4 bathrooms and enjoys magnificent views of St Lucia's stunning coastline and the turquoise Caribbean Sea. The property is located just minutes from La Toc Beach (home to the flagship Sandals La Toc Golf Resort and Spa) surrounded by mature tropical gardens filled with tropical fruit and flowering trees.

Offered fully turnkey, the house is a fully operational income generating property with a 7 year successful track record.

Offered at: US $650,000 St Lucia Soaring Beauty Blessed with spectacular sites from the iconic Pitons and the Diamond Waterfalls to lush rainforest and stunning beaches, St Lucia’s landscape is staggeringly beautiful.

Highly regarded resorts, marinas and a championship golf course have helped contribute to a growing tourism sector and an emerging real estate market, which is expected to receive a further boost from a recently announced Citizenship by Investment Program targeted at high net worth investors.

Property prices are attractive and there is high rental income generating potential.

Why Buy in St Lucia?  Highly accessible destination via direct flights from

the USA, Canada and Europe.

 Stunning natural beauty combined with wide-ranging

cultural and entertainment options.

 Rapidly growing property market with high probability

of long-term price appreciation.

For details on this property and many others in St Lucia, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Twin Beauties — St Martin St Maarten 3 Bedroom Penthouse Oyster Pond, St Maarten This penthouse apartment is located within a beachfront resort on the eastern coast of St Maarten just south of the French/Dutch border.

The resort is magnificently perched on a reef overlooking a beautiful bay and features amenities such as an infinity pool, marina, several restaurants, spa and fitness centre.

The unit features 3 bedrooms, 3 full bathrooms each with private balcony and an open plan kitchen with spacious living area opening on to the terrace which enjoys wonderful sea views.

Offered at: US $1,300,000 St Martin / St Maarten The Jet Set Island Having been shared by the French and the Dutch since 1648, this 37 square mile island has an exceptionally cosmopolitan feel.

The Dutch side is an autonomous country within the Kingdom of the Netherlands. The French side is an overseas territory of France. French St Martin is renowned for luxurious estates, calm beaches and boutiques, whilst Dutch St Maarten is known for its cruise port and casinos.

The tourists and home owners) that head to the island each year, enjoy the best of both worlds: gourmet cuisine, buzzing nightlife, spectacular beaches and island-wide duty-free shopping.

Why Buy in St Martin / St Maarten? Established tourism and real estate market with

varied dining and shopping options.

 French / Dutch territory with stable political and

economic climate.

 No property or capital gains taxes (St Maarten).

For details on this property and many others in St Martin / St Maarten, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Set Sail — St Vincent & the Grenadines 2-6 Bedroom Luxury Homes Spring Estate, Bequia A limited selection of brand new exclusive homes set in a private beachfront enclave of a 30-acre tropical plantation anchored by a well-established, highly acclaimed boutique hotel.

Buyers can choose from 2 to 6 bedroom open plan contemporary villas, all of which are located in elevated private island style clusters designed to offer the privacy of a private island style community.

With a membership club offering villa maintenance, villa rental program and use of all hotel amenities, owners can enjoy a care-free package of benefits unlike any other available on Bequia.

Offered at: From US $630,000 St Vincent & the Grenadines Dive In With pristine beaches, turquoise sea and verdant, green mountains, the 32 unspoilt islands of the Grenadines have long been a favourite of royalty and well known personalities, most famously Princess Margaret, Mick Jagger and Bob Dylan.

Untouched by mass tourism, the islands offers some of the Caribbean’s best diving and sailing and are beloved for their natural beauty and authenticity. The archipelago has already established itself as one of the world’s most desirable real estate investment locations.

A new international airport scheduled to open in St Vincent will only enhance its appeal.

The purchasing process is straight forward. Nonnationals require an Alien Land Holding License, with total purchasing costs typically amounting to 12% of the property value.

Why Buy in St Vincent & the Grenadines? Unspoilt landscape with beachfront land available

at comparably low prices.

 No inheritance or capital gains taxes and low

property tax.

 New international airport in development For details on this property and many others in St Vincent & the Grenadines, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Perfect Pair — Trinidad & Tobago 3 Bedroom Beachfront Home Stonehaven Bay, Tobago Set in a landscaped gardens in a direct beachfront location, this beautifully appointed 3 bedroom property would make an ideal second home or vacation rental property.

The property features 3 bedrooms, kitchen and an open plan living and dining room. There is also a large games room and a sauna room. The house is finished to a high standard with elegant Barbados coral block walls and French windows overlooking the beach.

Outside there is a pool with pool bar and Jacuzzi set in a Brazilian sandstone pool deck flanked by gazebos on either side.

Offered at: US $1,750,000 Trinidad & Tobago Nation of Contrasts While the much larger Trinidad is famous for its spectacular carnival and as the birthplace of the steel pan, the smaller Tobago is better known for its beaches and as a sanctuary for birds, butterflies and turtles.

The twin island nation is a melting pot of cultures.

Over the years, large communities of Europeans, Africans, Chinese, Indians and Arabs have settled, each making their mark on the country's food, language and music.

Trinidad has a number of high quality residential developments in its cosmopolitan capital, Port of Spain. More oriented towards tourism, property for sale in Tobago includes villas with high rental income potential. Foreign nationals require a Land Licence to purchase and are allowed to own up to 1 acre for residential purposes.

Why Buy in Trinidad & Tobago?  Sophisticated infrastructure and developed economy.  Direct flights from Europe, the Caribbean and many

North, Central and South American cities.

 Strong rental market driven by expat community.

For details on this property and many others in Trinidad & Tobago, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Postcard Perfect — Turks & Caicos Waterfront Estate Sapodilla Bay, Providenciales Located in a direct oceanfront location in the soughtafter Sapodilla Bay area of Providenciales, this spectacular estate features 9,000 sq ft of living space on 15,000 sq ft of grounds.

Newly renovated, the property comprises a master pavilion and 2 guest pavilions, featuring 9 bedrooms, 9 bathrooms, great room with island kitchen, 10-seater home theatre, gym and tennis court.

Outside there is a heated infinity pool with suspended daybed over the water and a dramatic dining deck seating 14 only a few feet away from the turquoise waters.

Offered at: US $11,800,000 Turks & Caicos True Blue Comprised of 40 islands and cays with 230 miles of pristine white sand beaches and beautiful reefs, the Turks and Caicos Islands (TCI) is home to a population of 37,000. This includes a large expatriate community drawn to the stunning landscape, world-class resorts and attractive tax environment.

As a British Overseas Territory with a US Dollarbased economy located just 75 minutes from Miami, the TCI has established itself as a firm favourite with overseas buyers.

Property offers high rental income generating potential and non-residents, who can purchase absolute freehold title, may be eligible for permanent residency.

Why Buy in Turks & Caicos?  Easily accessible, with 75 minute direct flights from

Florida and other world destinations.

 No inheritance, income, property or capital gains taxes.  Fast-growing tourism market with sophisticated

real estate market.

For details on this property and many others in Turks & Caicos, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Charming Escape — US Virgin Islands 7 Bedroom Estate St John Located on the summit of Maria Bluff just outside the town of Cruz Bay and minutes from the full service airport on neighbouring St Thomas, this sprawling ultraluxury residence enjoys 360-degree views of protected bays, outlying islands and unending ocean.

Comprising 3 main pavilions designed with subtle Moroccan undertones, the property features 11,680 sq ft of living space including 7 bedrooms, 8.5 bathrooms, indoor and outdoor living spaces, billiards room, home theatre and separate caretaker’s residence.

The residence expertly blends old world custom quality finishes with the latest in high tech convenience.

Offered at: US $13,500,000 US Virgin Islands American Archipelago Comprising the main islands of St Thomas, St John and St Croix, plus several smaller islands, the U.S. Virgin Islands is an American territory in the Caribbean.

Each island has its own unique character and features. St Thomas is famous for its beautiful harbour area offering fine dining, shopping and nightlife. St John is home to the 7,000 acre Virgin Islands National Park, while historic St Croix is renowned for its well preserved colonial architecture.

The real estate market in the U.S. Virgin Islands is largely driven by American buyers, so, as the U.S economy has returned to growth, the property market in the USVI has begun to benefit from the upswing.

Why Buy in the US Virgin Islands?  Strong tourism industry providing high rental income

generating potential.

 No passport required for US citizens.  Secluded beaches, world-class diving and superb sailing.

For details on this property and many others in the US Virgin Islands, contact 7th Heaven Properties: UK: +44 (0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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PRIME PROPERTY COMMERCIAL

How to Build a Hotel So you want to be the proprietor of your very own hotel in paradise, but don’t know where to start. We asked BCQS International – specialists with 45 years’ experience of project and construction management across the Caribbean (from Amanyara in the TCI to the RitzCarlton on Grand Cayman) – what you need to think through before calling in the builders. Here, Director James Slattery dispenses some wisdom for would-be developers and investors Ja m e s S l at t ery

Where should any would-be developer start? What would be your top tips for selecting the ideal location?

“If you’re not an experienced hotel developer, the Caribbean can be a tricky place to do business. So, you need to know your market or have a comprehensive market study undertaken. You need to volume of tourist traffic and airlift. Also, how you are going to market your hotel (independent operator or a brand?), your unique selling points to help you differentiate from the competition, any risks, potential threats and the competition.

Location is key, and normally in the Caribbean a site with good views and a good beach is a given. Think about the distance to the airport, the availability of staff, and access to utilities: water, sewage treatment, electricity, and telecoms. Finally, consider government policy and legislation in your chosen location. Are there any hotel or tax incentives in place that could provide a financial advantage for you?”

Once you’ve acquired a site, how would you go about designing a hotel?

“Firstly, you need to have a clear vision. Are you luxury, design-driven, green? That will influence how you go about designing the hotel. Secondly, you need to work with a talented master planner who will lay out the building on the site and ensure they are placed in the right location. You need to maximize views, and take account of how the sun moves across the site (to prevent shadows on the pool or beach). Also, con-

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sider access and servicing, and, take advantage of the breeze to provide natural ventilation - power is expensive in the Caribbean.”

Can you use unusual natural features of the landscape to a hotel’s advantage?

“Certainly. You may want to accentuate them. It could be that you have a waterfall, some magnificent trees or a stream running through your site. You might want to accentuate the features and align them to your parts of your hotel such as the restaurant or spa.”

What challenges particular to the Caribbean region should be front of mind?

“The first and probably biggest challenge in the Caribbean is building on time and on budget. Controlling costs is an absolute priority. The Caribbean is a dreamland. People with fortunes can come and lose them. So,

you need to set your income stream assumptions vis a vis room rates, occupancy, operating costs and continue to use them as guide to what you can afford to invest to make it viable. The second major challenge is bringing together an operational hotel management team. Work permits for overseas staff maybe required and staff training and productivity needs to be taken account of.”

What would you advise – new build or buy and re-develop?

“Well, the advantage of a new build is you are working with a clean slate. Redevelopment can be attractive, because you may be able to purchase the property for a reduced price and, as some say in the hotel world, the first investor loses money, the second loses a little bit of money, and the third gets it for the right price. However, if you redevelop a property, there may be things that cost-wise are prohibitive to change, so you need to ensure the footprint of the property gives you sufficient scope to do what you want to do. ” Any final words of advice for wouldbe developers?

“Proceed with caution. Due diligence is the key. The biggest mistakes are made in the beginning, either by buying the wrong site or employing the wrong people to give you advice. Work with a reputable master planner, architect or project manager such as BCQS that has been around the block and can give you some sage advice. And choose the right builder!”

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PRIME PROPERTY COMMERCIAL

Branding your Spa An efficiently operated spa with a well-executed brand vision can significantly add to the bottom line of a resort. Here the Vice President of Steiner Spa Consulting – experts in resort spa design and operations – discusses some key issues to consider when developing a spa concept Mandara Spa at Atlantis Paradise Island, The Bahamas

J e s u s Pa d i ll a

Burberry, Cartier, BMW, Nike and Apple – These companies are among the most powerful brands in the world. They have achieved success by forging an emotional connection with consumers who have an affinity for labels and select brands on the basis, not only of dependability and reliability, but also familiarity.

Spas are no different. Branding a spa can therefore be a significant addition to a hotel’s business and a well-executed and managed spa is often one of the strongest contributors to sales after rooms.

In the Caribbean, there are more than 285 spas at independently-owned resorts and hotel chains. In many cases, the spa is among the most sought-after amenities for hotel guests, on average capturing 12% of hotel guests per day. As a result, within the past five years alone, the Caribbean has seen more than 20 world-class spa openings.

When building a spa, there is more for developers to consider than size, architecture and features. From core values to service standards, the selection of products and the creation of spa therapies, there is a world of spa-specific details that should be thought out and an experienced hand can help navigate the development of a spa.

Working with a spa brand or spa management company is an option when seeking spa industry expertise. Such companies can provide hotels with a product that delivers the brand recognition and the consistency pivotal for the overall success of a spa business.

For example, when Atlantis Paradise Island in The Bahamas was developing

its plans for a signature spa, the owners reached out to Steiner Leisure for guidance. Over the years, Steiner has provided spa expertise and a wealth of resources including: a branded spa, an experienced team, design and space development, established relationships with vendors and its own product lines such as Mandara Spa, Elemis, LaTherapie and bliss.

A spa brand is an investment. While hiring a spa management company and selecting one of its spa brands comes at a cost, a strong brand name has equity, competitive differentiation, helps guests to develop a connection to the spa and builds loyalty by offering unique, proprietary experiences guests will not find elsewhere. A consistent brand experience can help to attract guests, enhance their stay, assist in building repeat business for the hotel and, ultimately, improve a hotel’s revenue per available room.

So with competition stronger than ever, it is vital to align your hotel or property with the right spa brand or management company. How should you go about selecting the right partner? Here are a few recommendations to aid the search and selection process.

1. Research and outreach. Who are the key players in the spa world? Should you select a local or a global company? Research a list of five to seven firms and send a request for proposal with the project scope. Meet with the top three.

2. Define your space. Space is a loose term as it includes not only the physical

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space of the intended spa, but also a definition of where the spa would fit in the market, the spa culture and how much will be invested in the spa. You should provide this information, including number of rooms, occupancy and other guest trends to companies taking part in the bidding process.

3. Small vs. large companies. Smaller companies have a more intimate team and are a great selection for boutique properties. Larger firms provide a larger staff and more resources at their disposal. There’s no right or wrong. Many times, this is a matter of preference.

4. Hotel Spa or Spa Brand. Some properties prefer to use or create their own brand name. In such an instance, they may still want a spa expert to develop or manage their branded spa. Brands, however, can offer advantages. Brands have a following, better retention rates and they create a dialogue between provider and consumer. It is a bond built on trust that can turn into a long-time commitment with the spa and hotel if you deliver on the brand’s promise.

5.The big picture. When choosing a consultant or management company, determine the short and long-term goals. Do you want a company to help develop and open a spa or a long-term relationship in which a company manages and grows the spa?

The answers to these questions will help jumpstart and steer the process of opening a spa.

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PRO MOT IO N kohl e r

Pure & Simple For developers aiming to re-create a hotel or spa-like feel in the bathroom, Kohler’s Stillness, Sunstruck and the New Coreograph collections deliver the contemporary simplicity home buyers are looking for

Formerly a small, private space that rarely featured in real estate marketing collateral, the humble bathroom has become an increasingly important battleground in developers’ campaigns to win over property investors. Responding to buyer demand for tasteful, open bathrooms, many developers in the Caribbean are seeking out bathroom solutions for new build homes that deliver the clean, contemporary look seen in luxury hotels and spas and design features in magazines and on TV. One such solution is Kohler’s new Stillness faucet line for vanity tops and baths.

This affordably priced line features sleek faucets and slim lever handles that are composed of starkly flat planes culminating in soft curves. With clean lines and no fuss fixtures, the look is one of refined luxury.

Kohler’s Sunstruck Collection of freestanding baths coordinates handsomely

with the Stillness faucets, creating a fresh, contemporary feel through ingenious designs. The collection offers a floating design that gives the room a more open, spacious feel. With its gracefully shaped lines and fluted shout, combining luxury with practicality, this oval, ergonomic design conforms to and supports the body, allowing for a deep, relaxing soak.

Home buyers are always looking to be wowed by elegant, minimalistic style, and the Stillness Line offers a wide array of options, with faucets and accessories configured in multiple formats to meet a variety of specific space needs. The Stillness Collection is also a terrific option for any space featuring a bath or shower. The line’s variety of faucets, shower heads, lever handles and accessories offer an array of solutions for various applications.

In addition, the Choreograph collection

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makes it easier than ever to create a shower space that caters to the buyer’s needs and life style. Choreograph shower walls and accessories allow for customization of showers with beautiful wall designs and thoughtfully designed storage. Made of extremely durable Serica™ composite, Choreograph walls come in a range of colors, patterns, and textures to coordinate with KOHLER fixtures. The easy-to-install wall panels can be used to upgrade existing showers or to create a new organized, comfortable, and convenient customized space.

The Stillness Faucets, the Sunstruck and Choreograph Collections were designed with an eye toward easy, customizable installation to meet the needs of the builder and with an array of colors and finishes, there is sure to be just the right fixture or faucet to suit any space and appeal to even the most discerning client.

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P RO M OTI ON appl e l e is ure gro u p

The Brisk Business of Delivering Luxury Leisure Travel Averaging one resort signing every two weeks in 2015, no company is growing faster in the Caribbean than hospitality powerhouse Apple Leisure Group (ALG). Executive Vice President and Chief Strategy Officer, Javier Coll, talks to the Caribbean Property Investor about ALG’s rapidly expanding resort footprint and the Group’s enduring ties to Caribbean tourism

Apple Leisure Group recently broke industry records for the most deals incorporated by a single hotel chain in the Caribbean and Central American region in under a year. How do you explain 2015’s accelerated growth?

The quality and quantity of resorts signed in 2015 reflects the significant momentum Apple Leisure Group has built over the last few years. By focusing on growth in established markets and opportunistic expansion into new destinations, we have yielded significant returns not only for ALG but also for our resort owners.

Other hotel owners and developers are eager to experience similar success. As a result, 17 resorts, 4,895 rooms, and 7 new destinations, including Playa Bonita, Panama; Papagayo, Costa Rica; Isla di Oro, Aruba;

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and Playa del Carmen, Mexico; were added to the portfolio in less than 12 months.

The driving force behind our expansion, however, has, and always will be, a commitment to introducing sophisticated North American guests to premier destinations for luxury experiential travel. By entering the more underexplored regions of Mexico, the Caribbean, and Central America, we are able to provide unique and richer vacation experiences for our guests’ time and money.

When did Apple Leisure Group first enter the Caribbean market?

Apple Leisure Group’s history is intrinsically linked to Caribbean tourism development. Apple Vacations, our largest tour operator, has been selling all-inclusive vacation packages to Caribbean destinations since

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

1976. It was the first U.S. travel company to send passengers to Cancun and shortly thereafter, started selling trips to Bermuda and Nassau. Less than two decades later, Apple Vacations became the first U.S. tour operator to deliver its millionth passenger to the Dominican Republic.

On the hotel side, AMResorts, provider of sales, marketing and management services for six exclusive resort brands, has been a leading force in Caribbean hospitality since it opened Dreams® La Romana Resort & Spa in 2003. By doing so, it introduced the revolutionary Unlimited-Luxury® vacation concept to the region, shining a spotlight on our innovative approach to the all-inclusive model. Based on signed contracts to-date, AMResorts will surpass the highly coveted 20,000 room milestone

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Zoëtry Agua Punta Cana

with 57 resorts in 26 destinations throughout 8 countries by the end of 2018.

Our Caribbean presence really went into overdrive, though, in 2013 when we acquired B2B tour operator, Travel Impressions, from American Express, and online leisure travel wholesaler, CheapCaribbean. com. Combined with Apple Vacations’ existing global network, the new additions created a distribution trifecta that makes ALG the world’s #1 provider of North American leisure travelers to Mexico and the Caribbean.

Which of your resort brands have a presence in the Caribbean?

All six of AMResorts’ award-winning brands can be found throughout the Caribbean, each serving a specific market segment.

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Zoëtry Wellness & Spa Resorts integrates holistic wellness with unrivaled luxury. The boutique brand currently operates in Mexico (Riviera Maya and Isla Mujeres, Cancun) and the Dominican ReTravel Impressions, Apple Vacations, and CheapCaribbean.com, delivered 10% of all US travelers to the Caribbean in 2013 public (Punta Cana). Zoëtry Montego Bay Jamaica is slated to open in December 2016 and Zoëtry Isla Di Oro Aruba makes its debut in 2018.

Adults-only Secrets Resorts & Spas is fully focused on romance. There are currently ten Secrets Resorts & Spas operating in Mexico, one in the Dominican Republic,

two in Jamaica, one in Costa Rica, and most recently, one opening in Panama. Secrets Cap Cana Resort & Spa is scheduled to open in November 2016.

AMResorts’ newest adults-only brand, Breathless Resorts & Spas, combines nonstop adventure with Unlimited-Luxury®.

There are currently two Breathless Resorts & Spas operating (one in Punta Cana and the other in Cabo San Lucas). The brand’s portfolio will double in 2016, however, with the openings of Breathless Riviera Cancun in April and Breathless Montego Bay in December.

Dreams Resorts & Spasprovide a high level of luxury and ambiance for couples and couples with children. There are currently 12 Dreams Resorts & Spas throughout Mexico, the Dominican Republic, Cos-

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

Junior Suite at Secrets The Vine Cancun

ta Rica and St Thomas. Three additional Dreams Resorts are slated to open this year in destinations including Playa Mujeres, Mexico and Buenaventura, Panama.

Now Resorts & Spas offer guests active beachfront settings perfect for friends, couples, and families with teens and tweens.

There are currently five Now Resorts & Spas throughout Mexico and the Dominican Republic. Now Onyx Punta Cana will also call the Dominican Republic home when it enters the market in 2016.

Sunscape Resorts & Spas represents AMResorts’ very successful foray into the 4-star all-inclusive resort segment in Mexico and the Caribbean. Seven Sunscape Resorts are currently operating, with the most recent opening taking place in Puerto Vallarta. The opening of Sunscape Bávaro Beach Punta Cana and Sunscape Dominican Beach Punta Cana in December 2016 will bring Sunscape’s brand portfolio to nine resorts, signifying a growth of more than 200 percent in 2015.

Why have AMResorts brands been so successful in the Caribbean?

The ease of travel from several major North American hubs, the value guests

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receive for their money, the natural beauty and serene white sand beaches, plus our robust distribution to the region, make Caribbean destinations a natural fit for all six AMResorts brands.

Furthermore, the vast array of culture, local attractions and cuisine found within the Caribbean islands helps us appeal to a customer base that is growing more global every day. Sophisticated travelers know that they only need to take a short flight to enjoy a completely different, yet equally authentic, local experience. It is this degree of differentiation that makes the region so special and what continues to attract tourists (and hoteliers) to the region.

Apple Leisure Group is responsible for bringing every two out of 10 North American travelers to the Caribbean. How do you maintain this robust market share?

What helps us deliver this volume of passengers is that we provide the complete luxury leisure travel experience. Synergies between our six subsidiary companies enable us to meet our guests’ every need throughout the entire travel lifecycle. From booking through one of our tour operators,

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

to staying at an AMResorts property, to experiencing local surroundings through our destination management company, Apple Leisure Group conveniently includes it all for our guests.

Which destinations are next on your radar?

We will continue to garner superior results by knowing where the right opportunities are and how to maximize them for our partners and guests.

Easy-to-reach beach destinations accessible via one to five hour, non-stop flights will continue to be our main targets for entry and expansion. Part of our strategy is also to evaluate the opportunities presented by emerging markets like Haiti and Cuba while growing our footprint in tried and tested destinations our customers love, like the Dominican Republic and Jamaica. Eventually, we plan to expand further, penetrating sought after markets in South America.

Sophisticated North American travelers will always seek luxury accommodations offering authentic local experiences in unique destinations. Our primary goal is to be in those regions to deliver this and so much more.

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As America’s only vertically integrated travel company, Apple Leisure Group leverages the expertise of six hospitality powerhouses to deliver exceptional end-to-end vacation experiences in over 40 elegant beachfront resorts across Mexico, the Caribbean, and Latin America.

Tailored to affluent North Americans, our world-class travel services and sophisticated resort brand portfolio have earned us top industry honors, lasting guest preference, and the distinction of being the world’s #1 provider of North American leisure travelers to Mexico and the Caribbean.

For more information on how the ALG advantage raises all-inclusive to a New Level of Luxury®, visit AppleLeisureGroup.com.

®

Individual Strengths. Collective Power.

PRIME PROPERTY COMMERCIAL

Absolute Privacy — The Bahamas: 460 Acre Private Island for Sale Located in the central-northern part of the Exuma Cays in The Bahamas – approximately 60 miles (97km) from Nassau and 230 miles (370km) from Miami, Florida – this private island offers unmatched beauty and absolute privacy.

Easily accessible via private jet or yacht, the island is covered in rolling green hills with an elevation of approximately 30 to 40 ft above sea level. The hills gently slope down to a dozen pristine, powder soft white sand beaches separated by a few rocky peninsulas which provide privacy for each beach.

On the western side of the island beautiful shallow sand banks provide a protected natural deep water harbor for any size vessel.

The eastern side of the island features spectacular white sandy beaches and sheltered bays with small surrounding rocks creating quaint coves.

Due to its size and protected location, the island features unrestricted aviation and yacht access in just about any weather. The island has a planned heliport, seaplane ramp and ample room for a private airstrip.

Enjoying 360 degree views of the beaches and turquoise sea, the elevated central area of the island would be an ideal site for private residences

The island also features approximately $10 million USD in infrastructure, including over 10 miles (16km) of private quarry filled roads and pathways, a half dozen temporary dwellings, thousand gallon water-tank storage and infrastructure for an independent water production system.

Offered at: US $62,000,000 For details on this investment opportunity, contact 7th Heaven Properties: UK: +44(0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Land of Plenty — Dominican Republic: 355 Acres of Beachfront Land for Sale Located in the province of Puerto Plata on the beachlined northern coast of tourism powerhouse the Dominican Republic, this parcel of land spans 355 acres (1.44 million sq metres) and includes 4.4 miles (7.1 km) of golden sand beach front.

The parcel features a lush, green peninsula bordered by a deep lagoon and the blue ocean. A 10,000 foot mountain range to the south-east acts as a hurricane shield, making the area a natural “hurricane hole.”

The asking price for the land is 40% below a 2014 appraisal which valued the parcel at $30,200,000 USD. The parcel is located just 2.5 miles from the first European settlement in the Americas (La Isabela) and 30 miles from the brand new Amber Cove cruise ship terminal. It is also situated less than 90 minutes’ drive to 2 international airports – Santiago and Puerto Plata – making it accessible to both domestic and international visitors.

Owing to its convenient, desirable location in an area marked for tourism development with long stretches of beach, this large parcel of land would be ideal for a residential, resort or commercial development.

The region has already recently received a boost through the development of the cruise terminal, in-

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frastructure investment (including a 4 lane highway to the terminal, new bridges and roads), as well as the opening of new hotels such as the Gansevoort Playa Imbert and on-going development of the tourism sector in nearby Cabarete which attracts a significant slice of the 5 million tourists who head to the Dominican Republic each year.

Offered at: US $22,000,000 For details on this investment opportunity, contact 7th Heaven Properties: UK: +44(0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

PRIME PROPERTY COMMERCIAL

Rooms with a View — St Lucia: Boutique Hotel for Sale This boutique hotel for sale is located 1.5 miles from the small town of Soufrière on St Lucia’s spectacular south-western coast.

The hotel is set on 54 acres of lush, tropical hillside grounds, which were formerly a coconut and cocoa plantation. The location enjoys magnificent views of the Pitons – the twin volcanic peaks that rise dramatically from the coral reef-filled sea. The Pitons, national icons and star attractions of St Lucia, form part of the Pitons Management Area – a world-recognized UNESCO World Heritage Site.

Highly regarded on travel websites such as Tripadvisor, the hotel comprises 17 guest rooms, owner accommodation, a restaurant and pool overlooking the Pitons and the sea. The guest rooms and owner accommodation are located in several traditional cottages set in beautiful gardens and grounds filled with a wide variety of fruit trees and flowers.

With a restaurant with seating capacity for 100 people on 3 open air balconies the hotel is a popular venue for weddings and events. Adjacent to the restaurant and gardens there is a 40 ft pool surrounded by a large deck which enjoys beautiful views.

As the resort currently covers just 5 acres of the total

54 acres, there is plenty of room for expansion. Owing to the magnificent location and the vast area of undeveloped land, this hotel offers huge growth potential, either in the form of a larger resort or mixed-use residential development.

Home to several highly acclaimed luxury hotels and boutique resorts, St Lucia benefits from a rapidly growing tourism sector which has achieved successive years of growth in visitor arrivals. The island attracted over 338,000 stay-over visitors in 2014 – an increase of more than 6% compared to the previous year. Much of the growth is due to the fact that the island is more accessible than ever, with direct flights to St Lucia from the USA, Canada and Europe, including a daily JetBlue flight from New York and regular BA and Virgin Atlantic flights from London Gatwick.

Offered at: Price on Application For details on this hotel for sale, contact 7th Heaven Properties: UK: +44(0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

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Opportunity on the Friendly Island — St Martin: 26 Acre Former Hotel Site for Sale 7th Heaven Properties presents the opportunity to acquire a 26-acre former five star hotel site in the prestigious area of Terres Basses on the western coast of the island of St Martin.

This parcel of land was formerly the site of a five star hotel resort operated by a world-class international hotel brand. The hotel featured 162 keys in 22 separate buildings designed in the style of a Mediterranean village comprising a total of 190,000 sq ft.

Located on a secluded peninsula which enjoys ocean frontage on 3 sides and includes several white sand beaches with spectacular views of Baie Rouge, Nettle Bay, Marigot and the neighbouring islands of Anguilla and St Barts.

With flexible zoning and demolition and subdivision plans approved by government, as well as access to a 15-acre government owned island, this site represents a unique and rare redevelopment opportunity with significant opportunity.

The site is located within easy reach of St Maarten’s Princess Juliana International Airport – one of the major international transport hubs of the region.

For details on this investment opportunity, contact 7th Heaven Properties: UK: +44(0)20 8960 1010 US/Canada: 855 364 8776 info@7thHeavenProperties.com

Offered at: US $34,750,000

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The Caribbean Property Investor, Issue 6 | 7thHeavenProperties.com

PRIME PROPERTY COMMERCIAL

Luxury Retail in the Caribbean As the Caribbean attracts a record number of overseas visitors in the right frame of mind to browse and buy, we take a look at the opportunities in the region’s growing luxury retail sector for retailers and brands Ro b ert Co o p er

The Caribbean has long been synMost of the Caribbean’s luxury onymous with the 3 S’s: sun, sea hotels feature retail space which is and sand. But, for many holiday ideal for reaching affluent consummakers, there’s one more S to add ers in the right frame of mind for to the list: Shopping. Retailers shopping. Luxury British swimand brands have been keen to take wear brand Heidi Klein which is a slice of the Caribbean’s annual launching its first Caribbean retail tourist spend, which, according to store with Capella Marigot Bay in the CTO, came to a record total St Lucia has recognized the imof $29.2 billion USD in 2014. portance of the market. “We have Islands such as St Maarten and seen unprecedented growth in the Aruba have established themCaribbean for many of our retail clients and hotels,” says Penny selves as duty-free shopping Klein, one of the brand’s founders. destinations and prestigious deThe Blue Mall, Santo Domingo, The Dominican Republic The Caribbean is “one of our key partment stores are springing up across the region, such as the Blue Mall in million in 2014, typically spend up to 3 markets in terms of attracting customers the Dominican Republic and Saks Fifth times more than cruise passengers. Attract- when they are on holiday,” she says. “I think Avenue in Puerto Rico. ed by growing volumes of affluent tourists the holiday mindset is a very powerful one As cruising and shopping have long gone willing to spend money while on vacation, for spending.” Sebastiano di Bari, CEO of hand in hand, many luxury brands have many retailers and brands therefore have Carmen Sol New York, which operates 10 luxury clothing and accessories boutiques largely focussed on the 24 million cruise land-based tourists in their sights. passengers that travel to the region. Michael Dufry Inc – the world’s largest duty free in resorts and shopping centres in tourKors, for example, recently opened a bou- retailer – operates stores across the Carib- ism powerhouse the Dominican Republic, tique on board the Celebrity Eclipse and bean in airports, marinas and shopping agrees. “People are shopping more and more Tiffany & Co opened its first store at sea on centres. According to Rene Riedi, CEO of inside resorts,” he says. “At home they have Dufry’s Latin America Division, the luxury no time and they do most of their shopRoyal Caribbean's Oasis of the Seas.

While on board retail has flourished, retail market in the Caribbean is enjoying ping online. While vacationing they enjoy retailers targeting cruise passengers on growth, particularly in the major destina- spending time inside the store and trying land have faced a challenging environ- tions. “We are seeing increased numbers clothes on.” ment. As cruise ships have sought to take of cruise passengers and hotel visitors and While the Caribbean offers great poas large a slice as possible of consumer the Caribbean market has always had a tential for luxury retail brands, the opportuspend, “passengers spend less money on big attraction for customers shopping for nity in this fragmented market varies from luxury goods on shore,” explains Thomas luxury goods,” she says. More importantly, location to location. Understanding where Mukamal, CEO of IGY Marinas, which tourists in the Caribbean are often in the the greatest opportunities lie is of critical has operations on various islands, includ- right frame of mind for shopping for luxury importance. A specialist with knowledge of ing St Thomas, St Maarten and St Lucia. items. As Riedi explains, “visitors on vaca- the region can provide you with a detailed According to Mukamal, “difficult operat- tion in a beautiful part of the world hav- understanding of which markets offer the ing environments and high operating costs ing great moments have more time to shop most potential for your brand and which coupled with seasonality in the Caribbean or browse. This encourages them to spend are closest aligned to your target consummake it a hard place for luxury retailers to more on average than they might at home. ers. If you represent a luxury brand with We have seen our average ticket price in- plans to expand in the Caribbean or a retail make money.” space looking to reach out to luxury brands, However, beyond marinas and cruise crease now for the last five years.” terminals there is a wealth of opportunity.

Hotel boutiques present another op- 7th Heaven Properties can help you achieve Air arrivals, which totalled a record 26.3 portunity that should not be overlooked. your objectives.

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On the secluded eastern tip of Virgin Gorda lies a place where life is spent in perfect harmony with the ocean tides. Here, spread across 300 pristine acres, Oil Nut Bay offers freehold home ownership opportunities and unparalleled resort experiences in a setting where attention to detail and casual elegance abound.

Home sites and homes from $2,950,000 to $50,000,000.

Villas and suites available for rent starting at $750 per night.

Contact us to learn about ownership opportunities or to inquire about villa rentals. bvi

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1 800 761 0377

info@oilnutbay.com

VIRGIN GORDA, BRITISH VIRGIN ISLANDS

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