Chat show host invests in the 5* Buccament Bay resort on Saint Vincent in the Caribbean.
Link to the information page - HOTEL RESORT SALES
Harlequin Hotels & Resorts specialises in creating first class hotels and resorts in
some of the best locations in the Caribbean. The essence of the Harlequin brand is that its hotels and resorts will redefine luxury in the Caribbean to create a world class destination experience offering something for everyone.
Harlequin Hotels & Resorts is creating luxury all-inclusive resorts in St Vincent & The Grenadines, Barbados, St Lucia and the Dominican Republic. The first resort, Buccament Bay Resort, opened in August 2010 on the island of St Vincent.
Its new brand, H Hotels, is a luxury boutique hotel collection and the first
hotel, H Barbados, is due to open in 2013 along with a H Hotel in St Lucia.
The resorts and hotels will provide accommodation that is being built and furnished
to the highest standards. Each resort will offer a unique range of amenities; the Harlequin Sports Academy will include a Liverpool Football Club Soccer School and Pat Cash Tennis Academy; a collection of new concept bars & restaurants will offer an eclectic array of food and dining experiences from around the world with a choice of cuisine ranging from fine dining to casual eating, as well as the legendary Trader Vic's; the Harlequin Performing Arts Academy; the Alaia Spa with treatments by ESPA; Indigo Dive & Water sports; the Marquis Estate in St Lucia will have a Gary Player Signature Golf Course in addition to the world’s first Gary Player Hotel as well as Player designed villas.
If you are interested in investing in one of the 5* resorts then follow the link - INVESTING
If you are interested in going on an all inclusive holiday to St Vincent follow the link -HOLIDAY
Popular holiday destination Lagos in Portugal´s Algarve region ranked number one on TripAdvisor.com’s list of ‘15 Great Cities to discover in 2012’.
Any rise in tourism could help drive demand for rental homes in Lagos, which in turn should appeal to buy-to-let investors looking to buy property in Portugal.
The latest RICS/Ci Portuguese Housing Market Survey shows that the lettings market in Portugal is benefitting from a weak sales market, with tenant demand growing.
Lettings expectations recorded a significant rise in December 2011 and remains firmly in positive territory. Rental expectations are generally most popular in the Algarve where lettings activity is among the highest nationwide.
As far as Lagos is concerned, tourists and holiday homeowners are attracted to its friendly locals, superb beaches, modern marina and eclectic nightlife. It has long been a very popular holiday destination, whether it is a fun packed family holiday, a golfing break with some buddies or just a relaxing, cultural break, the region has a long rental season.
With the opening of the A22 motorway, Lagos is only a 50 minute drive from Faro airport so more tourists are travelling further west for their holidays to the Algarve.
Property developments in Lagos are generally really popular and attract a lot of foreign buyers, particularly Brits.
If you are interested in investing in Lagos email me your requirements and I will try source them for you – LINK to property page
The bad news this week for golf tourism is the decision from the Portuguese government to increase the VAT from 6% to 23% on all golf green fees.
Being a major golf destination this decision is going to devastate the tourist market for many years to come.
Since the start of the recession in late 2008 business has been difficult for many in the Portuguese travel industry, but in 2011 there has been an encouraging upturn with many clients returning from Spain, Turkey and other overseas golf destinations to play again in Portugal.
I am reliably informed that all golf courses were “advised” at the beginning of 2011 that they should charge 23% VAT on their green fees, but as this was never made official, only 6% was charged.
Courses have now been told that they all owe an extra 17% VAT on all the green fees sold during 2011.
Many of the smaller courses on the Algarve will probably have no funds to repay this shortfall and will have no alternative but to close, leaving the courses that survive increasing their fees to pay this backlog of VAT.
Hats off to the government for at least trying to reduce their EU debt, but with decisions like this I hope they will not be too surprised to find many golf courses closed, green fees that no one can afford, and hotels and other accommodation closed down during the buoyant winter golfing months, leaving many thousands without a job.
I can only assume that no one in the Portuguese government has any concept of how important the golf industry is to the economy of the country.
If you are looking for a property on the Algarve or Silver Coast please get in touch with your requirements -CONTACT
Investment Property Worldwide will try bring to you a diverse range of property, investment news.