Harlequin Hotels and Resorts 5* Buccament Bay resort in St Vincent.
Harlequin Hotels, the company that owns Buccament Bay Resort in St Vincent has won a fraudulent misappropriation case against a former contractor at the resort. Harlequin Hotels and Resorts said in a release last week that it had won the case against Padraig “Paudie” O’Halloran.
The High Court in Ireland heard that the contractor fraudulently misappropriated more than US$13 million from US$50 million sent to his firm for the resort’s construction.
“During the 31-day trial, Harlequin provided evidence and witness testimonies detailing how O’Halloran fraudulently misappropriated in excess of US$13m from US$50m that was sent to the ICE Group for the resort’s construction. Of the $13m that was diverted, more than $2m was sent to Ireland to pay for items including a lavish wedding. The Court also heard that sums were used to fund luxury purchases, such as a US$1.5m private jet, a racecourse in St Lucia, a car franchise business and renovations to a rented property on the Sandy Lane estate,” Harlequin said in a release.
Harlequin also stated that while the funds were being misappropriated, very little of the promised construction work was actually carried out at Buccament Bay Resort, resulting in the resort opening later than originally planned and on a smaller scale.Follow the link to visit the now open amazing 5* Buccament Bay resort - LINK
Buccament Bay resort St Vincent.
| | Pat Cash, John Barnes, Teddy Sheringham and Lewis Moody are just some of the legends from a range of sports who will be providing master class coaching to guests for the second half of 2013 at the luxury, all-inclusive Buccament Bay Resort in St Vincent & The Grenadines. It's been an amazing first six months of 2013 for sports fans at the award-winning Caribbean hotel, with big names like Liverpool FC legend David Fairclough, Grand Slam tennis star Lee Childs, ex-England cricketer Ronnie Irani, and Wales’ rugby team coach Rob Howley already delighting guests; however, the next six months promise to be even better, so scroll down for a full list of the sporting legends who will be visiting Buccament Bay between July and December 2013! Liverpool FC International Football Academy Soccer School
John Barnes: 14th – 18th July 2013
Liverpool FC & England international legend
Ronnie Whelan: 11th – 25th August 2013
Liverpool FC and Republic of Ireland legend
Teddy Sheringham: 23rd October – 2nd November 2013
Tottenham Hotspur FC, Manchester Utd FC & England legend
Pat Cash Tennis Club
Chris Wilkinson: 4th – 18th August 2013
Former British no.1 and Grand Slam player
Pat Cash: 18th August – 1st September 2013
Former Wimbledon Champion & tennis legend
Lewis Moody: 28th July – 11th August 2013
England legend, World Cup winner & former Bath RFC and Leicester RFC star
Rob Howley: 28th December – 6th June 2013/2014
Current Lions assistant coach; Wales & Cardiff RFC legend
Buccament Bay Resort Cricket Academy
Martin Bicknell: 26th December – 6th January 2013/2014
Former Surrey and England cricketer
Follow the link to reserve a room at Buccament Bay - BUCCAMENT BAY
Valentine's Day is approaching and it's that time of year to reflect on what brought you together and sharing those precious moments with each other.
A holiday at the 5 star Buccament Bay Resort is all about celebrations. This Valentine's Day, make sure you get to take some time out of your busy schedule and enjoy some luxury treatment.
Activities that will keep you both going...
Improve your tennis skills with the resident tennis coach or experience a romantic sunset cruise with cocktails and canapes; lie back and enjoy a fantastic treatment in the ESPA Spa, be wined and dined at one of the four great restaurants; most of all, find time to enjoy each other.
There are two romantic packages for Valentine's Day at Buccament Bay Resort...
Exclusive Beachfront Dining Experience - Enjoy an exclusive menu on the beach, complete with a bottle of Louis Roederer Champagne and your own private waiter
- Dinner in Jack's - Enjoy a 4 course fine dining experience in the exclusive restaurant, with a glass of Louis Roederer champagne each
If after visiting the resort you invest in one of the units then your holiday cost will be refunded (maximum £3000).
Further information - LINK
St Vincent & The Grenadines 2012 Tourism Award for Outstanding Service in the Tourism/Hospitality Industry!
Kay Wilson, who runs Indigo Dive at Buccament Bay Resort, has been honoured with the St Vincent & The Grenadines 2012 Tourism Award for Outstanding Service in the Tourism/Hospitality Industry!
This fantastic achievement comes a year after Indigo Dive was awarded PADI 5 Star status for its excellent standards of dive tuition, and in the same month that Kay, along with the Buccament Bay Resort team, hosted a very successful Kids Sea Camp by Family Dive Adventures for a special thanks giving event that saw dozens of children attend.To book a holiday on Buccament Bay or to invest in one of the resort units follow the link - BUCCAMENT BAY RESORT
In the UK property market over the last 12 month Student accommodation has been the best-performing asset with average double-digit returns these have been driven by strong rental growth.
Over the last 10 years the student housing sector has grown to a market worth in the region of £103bn. This growth has been driven by a rise in the number of students enrolling on university courses, up from 100m in 2000 to over 150m last year.
According to the property index student housing funds have returned close to 12% since the start of the year this compares with an average return of only 1.3% across the rest of the property market and an average 6% for other investments.
Over the last year a number of large investment funds have bought into the sector as
they believe that the sector is not greatly affected by the present economic downturn and lenders are also turning to student accommodation as one of a handful of property types which they view as low risk: vacancy rates run at about 5%, less than one-third of the figure elsewhere in the property sector.
To invest or find out more about the student investment sector please follow the link - STUDENT INVESTMENT
The Water Front Village at Buccament Bay Resort in St Vincent & The Grenadines.
Buccament Bay Resort is extremely proud to receive even more honours to add to the collection; this time, the luxury, all-inclusive resort in St Vincent & The Grenadines has been voted in the top ten best hotels in the world in THREE categories, courtesy of Travel Weekly.
The polls, voted for by travel industry professionals, ranked Harlequin Hotels & Resort’s flagship Caribbean resort in the top 3 for Best New Hotel, as well as top ten places in Best Family Hotel and Best All-Inclusive Hotel.
This comes after Buccament Bay Resort won two World Travel Awards for
Caribbean’s Leading New Hotel and St Vincent & The Grenadines’ Leading Spa Resort.
Such fantastic industry recognition for Buccament Bay Resort and Harlequin
Hotels & Resorts is testament to the great work of the resort team, the strides that the resort has taken since opening.
To book a holiday on Buccament Bay or to invest in one of the units please follow the link - LINK
An imposed workplace scheme is not the only option for retirement, as more low-cost Sipps come on to the market.
The financial pages have been full of advice on pensions with the launch of auto-enrollment last week. It has thrown a desperately needed spotlight on how and why we should be saving for later life.
But not everyone is happy that the state is stepping in. If you want to take control for your own retirement saving, a self-invested personal pension or Sipp, could prove a compelling alternative.
Sipps are essentially do-it-yourself pensions, offer more flexibility and a wider range of investment choices than most personal pensions. As well as cash, government bonds and funds, you can choose to invest your money in more complicated investments such as individual shares, open-ended investment companies (Oeics), commercial property and commodities.
They still benefit from all the features of a more traditional pension, including up to 50 per cent tax relief on pension contributions, but instead of trusting the provider to pick funds, you decide how to invest your contributions typically with a much wider range of funds to choose from and the opportunity to invest in direct equities by buying and selling shares.
It's true that when they first emerged, Sipps were targeted at experienced investors with substantial pension pots, but as costs have come down they have proven to be an increasingly popular choice among the general population.
"The Sipp market has been revolutionised in recent years with the emergence of low-cost plans, which have made them accessible to the mass market. Sipps are now becoming ISA-like in their appeal," says Jason Hollands of independent financial adviser (IFA) Bestinvest.
Follow the link for further information on SIPPs - LINK
To read the article in full follow the link - LINK
Buccament Bay Resort wins “Caribbean’s Leading New Hotel” and “St Vincent & The Grenadines’ Leading Spa Resort” 2012
The WTA awards programme, hailed as “the Oscars of the travel industry” by the global media, highlights and rewards those travel brands that have made the greatest contribution to the industry over the past year.
In winning “Caribbean’s Leading New Hotel” for 2012, Buccament Bay Resort beat the likes of Hotel Riu Palace Bavaro (Dominican Republic) and The Hotel Chocolat (St Lucia), whilst the St Vincent & The Grenadines “Leading Spa Resort” honour was awarded over competitors like Palm Island Resort, Petit St Vincent Resort and Young Island Resort.
About the World Travel Awards
WTA was launched in 1993 to acknowledge and recognise excellence in the global travel and tourism industry. Now celebrating its 19th anniversary, it is regarded as the very highest achievement that a travel product could hope to receive.
A packed delegation of VIPs, senior tourism figures and international media traveled from more than 30 nations to attend WTA’s Caribbean & The Americas Ceremony 2012, which was supported by Turks & Caicos Tourist Board and Scotiabank.
CARIBBEAN’S LEADING NEW HOTEL 2012
• Winner Buccament Bay Resort
• Cofresi Palm Beach & Spa Resort Dominican Republic
• Hotel Riu Palace Bavaro Dominican Republic
• The Hotel Chocolat St Lucia
• The Magdalena Grand Beach Resort Tobago
ST VINCENT & THE GRENADINES’ LEADING SPA RESORT 2012
• Winner Buccament Bay Resort
• Canouan Resort Grenadines
• Palm Island Resort
• Petit St. Vincent Resort
• The Cotton House
• Young Island Resort
To find out more, please follow the link - BUCCAMENT BAY
Invest In Massive Yielding Property In The USA’s Largest Oilfield
With a potential 56% Annual Rental Returns OR a 25% guaranteed yield for 4 years.This has to be the best investment opportunity of the 21st century so far.Now available fractional units of either 50% or 25%. Follow the link below to download a brochure on the Bakkan oil fields mini motel rooms or click on the link to be emailed further information - LINK
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A lot of investors simply rely on the price given to them by the agent or developer. But developers can overcharge, they over-design buildings in a bid to win awards and they are forced to overcharge for the buildings simply to break even.
Some savvier investors may base their investments on a search on one of the many
internet property portals to find the average prices for similar properties in the area.
The more experienced might also use sites like Zoopla to see how properties have been amended, re-listed, re-valued since their original posting.
However, these sites only give us the values that the vendors and the estate agents think that the property is worth. This isn’t reliable as the vendor clearly wants to
obtain the maximum price, a strategy supported by the agent who normally works
on a commission basis.
There is only one way for investors to ascertain a property’s value which is truly safe and that is to find a properties residual value. The residual value is based on the amount of net rental income it can generate – anything above 6% looks like a
For example, if a property brings in £6,000 rent per year after all costs have been
taken in to account, that £6,000, based on a 6% net yield would give the property a value of £100,000.
That £100,000 would be the Residual Value of the property and it should be the focus for every investor going in to a deal. But at the minute investors ignore the residual and rely purely on the capital growth of a property which is hopelessly optimistic considering the market place at the moment.
Despite the residual value of a property being £100,000. The investor may pay £125,000 believing that the value of the property will increase and they can sell it for
£150,000. But then if property prices start to fall slightly, he’s suddenly in
negative equity and then the only price someone would be willing to pay for the
property is the Residual Value and the investor will have lost £25,000.
The key to real successful and safe investment is how you derive the 6% net yield which you have used to establish the property’s residual value. By working out the 6% net yield using below market value rent it means that the investor will not have
to contend with tenants struggling to pay rent. As rent continues to rise, there will always be a demand for properties charging below market value rent.
First time buyers will be queuing round the block to save a £100 per month, yet the
investor is still left with a 6% net yield because they have bought the property
at residual value.
It also means that there will always be savvy investors looking to purchase a property at the residual value because they are not only purchasing a strong income stream, but they are purchasing a property at a price that will not be affected by market fluctuations or crashes.
If the property market was to fall again then the investors who have invested
in residual value will be protected from the fall in house prices and when
houses start to get repossessed and more people are forced in to the rental
market, then their yields will go up even though they are still charging below
In the end, everybody will be relying on residual property valuations. It’s inevitably in the future but there’s no reason why investors can’t take advantage of them now.
Invest in Student accommodation with unit prices on average 30% below comparable units and a net rental guarantee of 8% for 2 years - LINK