Cardea Property Consultants are pleased to announce that a London-based consortium headed by British property developers Anthony Lyons and Gary Wilder has secured a substantial investment in the 130 acre Sugar Beach resort development in St Lucia.
The funds will be used to complete the US$100 million redevelopment of The Jalousie Plantation, creating a resort with 112 luxury rooms, 46 private residences, two white sand beaches, three new restaurants, four bars, a unique rainforest spa and walkway, a scuba centre, kids club and games rooms. The resort is being rebranded as The Tides Sugar Beach in 2011. Architects Lane Pettigrew Associates have been hired for the revamp.
Lyons and Wilder bring a wealth of property development experience to the project, having been involved with such projects as the O2 Centre and Earls Court developments in London, and more than US$57.8 billion in transactions since the late 1990s. They will be joining the board of Jalousie Ltd where owner Roger Myers will remain as Chairman and majority shareholder.
Roger Myers comments: “We welcome our new partners, who bring an unrivalled depth of property development experience and we look forward to working with them as The Jalousie Plantation continues its multi-million dollar transition to Sugar Beach.”
Myers has over 35 years experience in the leisure industry covering restaurants, pubs health spas and hotels. He was a founder and Chairman of the Pelican Group which developed a hugely successful chain of restaurants in the UK including Café Rouge, Dome and Mama Amalfi. After the sale of the group to Whitbread, he became a founder and Development Director of Punch Taverns plc, a company that grew to become a Footsie 100 company and own over 6000 licensed premises in the UK. He now lives in St Lucia and is exclusively focused on the development of Sugar Beach.
The Viceroy Hotel Group, keeper of The Tides brand, will manage the hotel when it is rebranded and re-launched as The Tides Sugar Beach in 2011.
There are 64 luxurious one and two bedroom hotel villas available for ownership, each with a private plunge pool and ocean or Piton views. Prices range from US$700,000 to US$2.1million. Owners are entitled to four weeks usage per year and a minimum 5% rental guarantee from villa handover until the end of the first year after the hotel re-opens.
The hotel villas at Sugar Beach are all fully furnished and are being sold as freehold.
There are also 41 Private Residences available for purchase. Each of these meticulously appointed spacious homes has two to six bedrooms with spectacular ocean and piton views. Prices range from US$2.4 million to US$6 million.
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