August 21, 2018
The owners of the Sugar Bay Resort & Spa have engaged the Carlton Group to sell their beautiful, 300 key resort located in a great St. Thomas, US Virgin Island location.
The property is situated on a hilltop which offers spectacular uncompromised ocean views from just about every room. Sugar Bay is being offered on a fee simple basis and unencumbered by any franchise and management agreements.
The resort boasts in excess of 16k sf of meeting and event space, a secluded beach, three interconnected pools with caves and waterfalls and a 10k sf full-service spa and fitness center. The guest experience is further enhanced by six existing F&B outlets.
This property is perfectly situated to implement a fractional and/or time-share ownership structure which will maximize value for the brand of your choice. New ownership may further maximize profitability with the development of an additional 220 units which may be built at the property.
Best of all, ownership is highly motivated to make a deal and is offering the property at well below replacement cost. Based on reasonable assumptions, inclusive of a full renovation of the property, you will have an all-in basis of under $150k per key which will provide you with a huge profit upon stabilization.
Howard L. Michaels
Carlton Advisory Services, Inc.
560 Lexington Avenue – 10th Floor
New York, NY 10022
(212) 716-5607 office
(212) 867-1305 fax
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