Palm Reef Resort - Executive Summary

Executive Summary
Palm Reef Resort is a luxury, eco-friendly, 76 unit, condominium community in
southern Belize, a safe, English speaking, tropical location that specifically caters
to the middle class retiree, investor and second homeowner. Palm Reef Resort is a
Resort to Resort property in Belize.
Location
Palm Reef Resort is located in Maya Beach, on the Placencia Peninsula, in
southern Belize. This is an area undergoing enormous growth due to retirees and
investors.
Belize has been crowned the best place to retire by American Association of
Retired persons, Forbes, CNN and International Living Magazine. 2 of the beaches
in the area are recognized among the worlds 100 best beaches.
There are 8 acres of oceanfront and, mountain-facing lagoon view property in the Phase
I-III development.
There are many new projects under development on the peninsula, including an
international airport, golf course, cruise ship terminal and yacht clubs.
About Belize
Belize, formerly known as British Honduras, is a country of 300,000 whose population is
primarily English speaking. It is a former British Colony and is a member of the British
Commonwealth. Its legal and banking system are based on British Common Law. It is a
top tax haven.
Belize has white sand beaches, a protected Barrier Reef, outstanding Mayan ruins,
spectacular jungle flora and fauna, contemporary villages and modern facilities. It has
attracted many of the world’s best resort operators, including Francis Ford Coppola’s
Turtle Inn and Blancaneaux.
Belize, an untouched jewel on the Caribbean Sea is South of Mexico, East of Guatemala
and North of Honduras; a 2-hour flight from Houston, Atlanta, Newark or Miami.
Project Description
Three phases are to be developed on the 8-acre site with 8 buildings. There is a 5,000 sq.
ft. central facility (already built) surrounded by seven 6-storey buildings, overlooking both
the Caribbean Sea and the Mayan Mountains. The construction and design of each
building will include studio, one, two, and three bedroom units.
Phase I - is located on the Caribbean Sea on two acres with 400 feet of oceanfront,
consisting of two 6-storey buildings with 76 condominiums.
Future Expansion: Phase II & III: five, 6-story buildings on six acres with 800 feet of
lagoon waterfront.
The Central Facility, part of Phase I, is a recently constructed, three story, 5,000 sq.ft
concrete building, which houses the Palm Reef Resort Presentation Centre and sales
offices.
Using the best methods of “green” construction, the resort has efficient cooling and
heating, and solar power. All units are wheel chair accessible, professionally designed
and sold furnished.
Resort Amenities
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Ø
Ø
Ø
Ø
Ø
Ø
Ø
Ø
Infinity pool
Fitness Centre
Restaurants and Lounge
Elevator in each building
Mini-storage units
Boardwalk and Walking Trails
Water and Fire features throughout resort
Dock extending into Caribbean Sea
Condominium owners enter into a management agreement to have their units rented for
specific periods of the year. The owner receives 80% of rental fee and management
receives 20%.
Unit Features
•
•
•
•
•
•
•
•
•
•
Ø
Ø
Ø
Ø
Ø
Fully furnished in modern elegant Caribbean/Mayan style
Panoramic views of the Caribbean Sea, Lagoon and Maya Mountains
Large covered terrace
Laundry facilities
Water Features
Phase 1
Parcels 678, 679 Caribbean Sea. Green roof is the current presentation building,
5,000 sq. ft.
Phase 2 & 3
Parcels 662, 663, 664, 665