As snow sprinkles start to show up on Britain’s weather map, and with experts now talking about the coldest winter in a hundred years, many British and northern European timeshare owners will be planning winter sun escapes to break up the long chilly spell before spring comes around.
Winter sun-seekers hankering after tropical temperatures,sugar-like sandy beaches and a relaxed pace of life need look no further than the Caribbean. The British and American favourite welcomed over 23.8 million global visitors in 2011 to its diverse islands – up 3.3% on 2010 figures according to the Caribbean Tourism Organisation.
Now there’s a new opportunity to make an exclusive lifestyle investment in the luxury Cinnamon Suites, on the Caribbean island of Grenada, which is predicted to be the fastest growing market in the Caribbean between 2011 and 2021 according to the World Travel & Tourism Council.
Part of Bacolet Bay Beach Resort , Cinnamon Suites are an exclusive selection of stunning 5-star hotel suites currently being marketed by Property Frontiers. Chief Executive Ray Withers believes Grenada is the perfect island for this sort of investment:
"We have been at the forefront of the emerging market of hotel investments available to individual investors for a number of years now and identified Grenada as a fantastic place to invest back in 2005. Investing in the Cinnamon Suites will deliver owners value for money; potential for capital growth; a solid yield through rental as a hotel property and a defined, realistic exit."
Earlier this year, the developers of Bacolet Bay were offering a unique opportunity to invest in the resort with a price tag starting at just $40,000 (£26,700). Buyers can choose between one and two-bedroom apartments and a selection of villas are also on offer.
With its secluded 300m long stretch of sandy beach, Bacolet Bay sits on the quiet southern shore of Grenada. It offers the peace of hidden luxury, away from the crowds visiting some of the larger Caribbean islands, but easily accessible from both the UK and the US. Regular direct flights are available and the Cinnamon Suites are located only 15 minutes from the island’s international airport.
Commenting on the Cinnamon Suites project, Mr Withers added, "Our exclusive deal provides $106,500 instant equity plus a guaranteed profit starting at $119,000 when the developer buys back at valuation price. With mortgage financing available, deposits from £46,000 and a 3 year rental guarantee more than covering the finance payments, I imagine units will be pretty popular with our investors."
Bacolet Bay lies on the southeastern end of Grenada, in stunning natural surroundings. Golf and sailing are some of the activities on the island which is famous for its beaches and superb scuba diving.
Perks that come with investing in the five start development, which also features unique Hotel Cottages as well as apartments and individual villas, include guaranteed 10% net income and the possibility of excellent capital appreciation.
The 1/13th shares at Bacolet Bay which were announced earlier this year are in the villa-style residences set in lush tropical gardens. The holiday homes offer panoramic views across rain forests and turquoise waters and each features a mix of Caribbean style with modern comforts. Style features include vaulted ceilings, cedar shingle roofs and large covered terraces.
Owners have at their disposal five star service provided by the resort operator if they want to make use of it, while each property is fitted with state of the art entertainment systems and the homes come fully equipped for holiday guests.
The 1/13th shares are sold with a 999 year lease for £26,700. For more information about the fractional shares and other investment opportunities at Bacolet Bay please visit www.propertyfrontiers.com