Business View Caribbean | March 2021

6 BUSINESS VIEW CARIBBEAN MARCH 2021 H, People easily get the appeal of the island, and are willing to invest in building residences, as well as their futures, on this enchanted spot Indigo Bay New Five Star Hotel The launch of the Indigo Bay hotel and condos project is another sign that the real estate market on St Maarten is starting to boom. The $220 million hotel venture, led by Tau Capital, Altree Developments and Cay Bay Development (CBD) NV, is envisioned as a combined luxury hotel resort and condo complex. It is expected to feature five-star amenities in its 94 hotel rooms and suites and 55 lanai suites. Condos will comprise 60 2-bedroom units and 15 3-bedroom units. The hotel will also boast a 10,000 square foot luxury spa, a conference facility, an all-day dining restaurant and a fine-dining restaurant. It plans to offer multiple pools, a beach bar, pool bar, fitness center, and a kids and teen club. About St Maarten Popular among celebrities, St Maarten has a reputation much bigger than its size. Known as the jewel of the Caribbean, St Maarten is the smallest dual-nation (Dutch and French) island in the world. St Maarten/St. Martin is famous for its physical beauty, white sand beaches, verdant mountains and turquoise sea and offers the experience of a unique mix of native Caribbean and cosmopolitan culture. St Maarten is also often described as the “culinary capital” of the Caribbean. Overall, St Maarten functions as a major Caribbean hub, with tourism traffic increasing annually by 3.7%. Visits were as high as 528,000 in 2017. Indeed, the island is listed as one of the busiest destinations for private yachts and jets in the Caribbean. St Maarten has earned its reputation for continued economic growth and a stable real estate economy. *Century 21 St Maarten is one of the premier real estate firms on the island. It has been awarded Best Real Estate Agency in St Maarten for 11 years in a row. Overall, the firm has 15 years of experience, serving all districts within Dutch Sint Maarten, with Indigo Bay, Cupecoy and Simpson Bay being the most popular locations within the portfolio for beachfront condos and villas.