St Martin Cupecoy Yacht Club development reaches 20 per cent pre-sell levels
Property designed to recreate a European seaside village
(April 20, 2005) – Orient-Express Hotels Ltd announced today that the Cupecoy Yacht Club development on St Maarten/St Martin has reached 20 per cent pre-sell levels within three months of announcing the groundbreaking of the development on February 18, 2005.
“We knew there was a high level of interest, but had not anticipated reaching 20 per cent prior to the sales office even being open,” said Bernard Sarme, project director. “Sales achieved to date have been driven solely by word of mouth. We expect to see even stronger demand once site signage is installed and the sales office officially opens at the end of this month.”
Sales included one-, two- and three-bedroom condominium units, as well as a penthouse unit for $1.3 million. The committed revenue generated from the pre-sell is $23 million and reflects international interest with buyers from the United States, Canada, France and St Barts.
The Cupecoy Yacht Club development is situated on the west side of Cupecoy Bay on the last significant developable parcel on the lagoon. Designed to recreate a European seaside village, the buildings and village square will provide lagoon and sea views and consist of specialty retail boutiques, three restaurants, tennis centre, fitness centre and spa, 24-hour security service and a 40-berth marina. The marina is designed to accommodate vessels from 20 feet up to mega yachts (vessels above 300 feet). Owners will have an option to lease berths with their condominium.
The Cupecoy Yacht Club will consist of 169 condominiums ranging from 750 to 3000 square feet. Condominiums will be designed and built to the highest standards with gourmet kitchens, spacious bedrooms and bathrooms, imported tiles, natural stone and rich woods. Occupancy of the first units is expected by the fall of 2007.
The pre-construction pricing phase of the project is now complete. Pricing is now anticipated to be increased by 10-15 per cent, based on the continuing demand.
The 37 square mile island of St Maarten/St Martin is one island with two nations. For visitors this means a true multicultural experience where numerous languages are spoken, the cuisine is outstanding and the hospitality refined. The Cupecoy Yacht Club development is ideally situated just 15 minutes from Marigot – the capital of French St Martin – and a short drive from the fabulous restaurants of Grand Case.
Cupecoy Yacht Club represents the newest addition to Orient-Express Hotels Property Developments – the company’s real estate development arm. Another existing project includes the Villas at La Samanna, also located in French St Martin. In addition, another project at the Maroma Resort and Spa on the Riviera Maya in Mexico is also in the planning phase.
For further information e-mail info@cupecoyclub.com or contact Angie Sollinger, sales manager, at (011) 599-545-2315.
For your FREE on-line St Maarten and St Martin travel guides, visit www.caribbean.com.
Disclaimer: The information in this article/release was accurate at
press time; however, we suggest you confirm all details and prices
directly with vendors.
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