Case Study
Margaritaville Vacation Club – US Virgin Islands
Acquisition, financing, and development of a branded vacation ownership resort in St. Thomas, US Virgin Islands.
Details
Location: 6080 Estate Smith, Bay St., St. Thomas, VI 00802
Status: Construction completed under budget and ahead of schedule in 2016. Project sold, investments returned, and profits distributed.
Closing Date: Q2, 2014
Realization Date: Q4, 2016
Project Info
- Located on expansive 25-acre oceanfront site containing 13 buildings and multiple amenities and support buildings including a spa, pool, restaurant, lounge, and clubhouse
- Project entailed the acquisition and redevelopment of six buildings including 194 resort units encompassing over 115K SF
- Built in 1984, the property was formerly the Grand Beach Palace Resort
- First of its kind Margaritaville Vacation ownership resort built in the Caribbean
