Harlequin Hotel Barbados and St Lucia - re-modelled and branded 5 Star 'Boutique Hotels' |
Re-Modelled Harlequin hotels in Barbados and St Lucia offering stunning returns ...
Harlequin Hotels [Barbados and St. Lucia] ... also known as Quin Boutique Hotels
Harlequin Hotels is a new hotel concept, and will comprise of a range of five star chic boutique hotels in fantastic locations.
These hotels will not be new build; The developers will purchase distressed hotels which have become run down due to a lack of investment and completely renovate them to our five star standard with new plumbing, electricity, air conditioning, furniture and decoration.They will be managed by Harlequin Hotels & Resorts hotel management team to ensure the same excellent service levels that are delivered at Buccament Bay Resort.
Within nine months of buying a hotel the renovation will be complete, delivering purchasers a rental income far earlier which is a quicker return on investment, although the capital appreciation will be less than on the off plan properties within the larger resorts.
The first two Harlequin Hotels will be located in the southwest of Barbados, both occupying beautiful seafront locations, and will each have a swimming pool and restaurant. Barbados has been chosen as the first location because it is the busiest hub in the southern Caribbean. The Hotels will provide guests who are booking to stay at Buccament Bay Resort with the opportunity to stopover in Barbados for one or more nights. Harlequin Hotels will also showcase the quality of Harlequin Hotels & Resorts on Barbados prior to The Merricks Resort being completed.This will not delay the opening of The Merricks Resort.
♦ Prices from £260,000 [ call for current availability ]
♦ 100% finance* is available
♦ A 70% developer loan will be available on completion**
♦ 30 days free use per year (excludes SIPP investors)
♦ 50% net room rate share
♦ Properties are suitable for SIPP investment
* Subject to status. Terms & conditions apply. **Subject to finance.
Rental Projections
We believe that the room rate would be a minimum of £330 per night, deduct the £30 for chambermaid, laundry, room servicing - toiletries etc.
This would leave £300 of which the investor would receive 50% £150 per night of occupancy.
As this is a boutique hotel with only 55 rooms we expect the occupancy to be very high if not full to 100%.
85% Occupancy = 310 days x £150 = £46,500 minus outgoings of £22,000 (finance purchase borrowing £250,000) £24,500 income per year or £471 per week!
IF the occupancy was to hit 100% the returns would be as follows;
365 x £150 = £54,750 minus £22,000 (finance purchase with £250,000 mortgage) = £32,750 per annum or £629 per week!
SIPP purchase as above but with mortgage for £175,000 would be £54,750 minus £16,000 = £38,750 per annum or £745 per week.
As you can see this proves what a fantastic investment opportunity this could be.
The Allamanda Beach Hotel in Barbados has now been purchased - this will be completley renovated in the coming months, and re-opened as a Harlequin Boutique Hotel. Work has already started with the process of clearing out the current decor see photos below.
These properties have been particularly popular with investors looking for a quick delivery date, and we expect to see this hotel opening in 6-9 months.
Update images below show the Allamanda Beach Hotel (Harlequin Barbados Boutique Hotel) being completely gutted ready for refurbishment.
NEW RELEASE JUNE 2011
We are pleased to announce the lastest Harlequin Hotel venture located very close to the Rodney Bay Marina. The hotel will be refurbished to HQ's very high standards, and will be re-launched by June 2012 as a unique boutique Harlequin Hotel.
This hotel will also act as a feeder hotel and will enjoy higher than normal occupancy rates. Below we have spotlighted an example purchase along with rental projections.
Purchase Price from £225,000 [second floor]
30% Deposit = £67,500
Estimated value on completion = £375,000
Rental Projections:
Room rate: £275.00 per night - less £25.00 room servicing (laundry, cleaning etc) = £250.00 per night giving the investor £125.00 per night. (50/50 split)
Occupancy of 85% = 310 nights, easily achievable with 40 major tour operators taking the hotel to market.
 85% Occupancy
310 x £125.00 = £38,750 net rental share
At 95% occupancy
346 x £125.00 = £43,250 net rental share
Anticipated outgoings based on mortgage of £225,000 @ 7% - £17,000, which would show a net profit of £21,750 per annum or £418.00 per week!
We anticipate that delivery will be ready between April - June 2012 ...
So invest £67,500 for a year and generate an income in excess of £21,750 per year for life.
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