Roatán, Honduras: Grande Club and Residences – Pristine Bay (EQT)
The Grande Club and Residences development at the Pristine Bay Resort of Roatán Island in Honduras is an ocean-front, in-fill luxury resort project with 400 residences and a Grande Racquet Club to be constructed.
The Grande Club and Residences is an infill-development in an existing 405 acre luxury resort with two hotels and 683 planned residential resort homes. The resort includes a ½ mile private beach, a top ranked 18 hole golf course, and a beach club overlooking the second greatest coral reef in the world. Pristine Bay is considered the newest and most successful resort development in Roatán, also known as the “western Caribbean.” Pristine Bay Management Group manages the Beach Club and Residence Hotel, and Houston based Lancaster manages the Las Verandas 5-star boutique hotel as well as 6 other hotels, with three of them being corporately owned through various joint ventures.
The Grande Organization will complete the resort’s final phase of development by constructing The Grande Club and Residences, with specific focus on a luxury offering of homes and condominium residences that incorporate high-end golf view, beach view, and water view floor plans. The initial development of 36 acre property (with expansion to 50 acres) lies nestled into the western tip of the island with direct access to 1/2 mile of pristine white beaches. The development program comprises construction of 100 single-family residences and 300 multi-family villas. Projected IRRs range 15% to 30% for investors. The resort development, complimented by the private, 16-court Grande Racquet Club provides members the opportunity to access training from internationally renowned instructors. Whether players are looking to strengthen their serve or simply enjoy the game in a world-class facility, the Grande Racquet Club includes a club house, pro shop, and wellness center.
The existing development: The existing Pristine Bay Resort has received $100 million in investment so far. Approximately 400 residential home sites have been developed in this full service luxury resort. To date, over 100 villas and 32 estate homes have been built. Over 50 pre-sale contracts have been signed and are scheduled for construction. A current pre-sales program is underway for 100 oceanfront villas and 32 residential lots adjacent to the Black Pearl Golf Clubhouse and Black Pearl Golf Course. The world-class Black Pearl Golf Course was designed by Pete Dye, a legend in the field of golf course design. Pete Dye also designed the Kiawah Island Ocean Course, TPC Sawgrass in Ponte Vedra, Florida, and the Punta Cana Golf Course in the Dominican Republic. Pristine Bay Resort amenities also feature a 25,000 sq. ft. beach club, a private beach, two level infinity edge pools, five restaurants, an onsite dive shop, and two tennis courts.
Accessibility: By Air: Roatán island’s international airport in Coxen Hole is less than a 30 minute drive from Pristine Bay. Roatán can be easily accessed by plane from Miami (MIA), Houston (IAH), New Orleans (MSY), and other cities in the Americas. It is serviced by major airlines such as Delta Airlines and Canadian Sunwing Royal. By Water: The Safeway Maritime Transportation Company operates the Galaxy Wave ferry, providing services between Roatán and La Ceiba. Watertaxis are available.
Highlights: Roatán is the largest of the Bay Islands, which is just 30 miles from the northern coast of the Honduran mainland but also part of Honduras. The Caribbean coast of Honduras is one of the most popular vacation destinations of the country and part of the Mesoamerican Reef, the second largest reef in the world. Featuring white sandy beaches and surrounded by brilliant coral and exceptional marine biodiversity, Roatán is a world-class scuba diver’s and snorkeler’s paradise. The island is also known for many other water sports activities such as fishing, boating and sailing. The reef surrounding the island attracts beautiful tropical fish and snorkelers alike. Dive attractions include sea walls, shipwrecks, a submerged airplane, and night diving. Sea turtles, dolphins, and whales swim in the waters of Roatán.
Tourism: Roatán has started to recognize the impact and benefits of tourism as a growth market. In 2013, Roatán became the first Honduran destination to complete a comprehensive 360-degree assessment and action plan for destination-level sustainability. This effort was led by the Mesoamerican Reef Tourism Initiative supported by Royal Caribbean Cruises Ltd. and Sustainable Travel International. Honduras also recently passed laws protecting the environment and encouraging foreign investment and ownership of property. West End, which is a 30-minute drive from Pristine Bay, draws tourists to dive centers, hotels, restaurants, bars, and tourist shops. Thousands of tourists arrive weekly on Caribbean cruises. Rotan is also an affordable and desired place to retire. Islands Magazine named Roatán the #1 island in the world to retire to and Kiplinger.com listed it among “8 great places to retire abroad.”
Real Estate: Real estate in Roatán has long been tied to the economies of the U.S., where most of the large community of expats and second home owners come. According to Global Property Guide, house prices started picking up at the beginning of 2010 with developments and infrastructure investments announced by both public and private sector. Honduras recently passed laws encouraging foreign investment and ownership of property.
Economy: The economy of Honduras is a neoliberal free market economy and a member of the United Nations, Organization of American States, World Trade Organization, and International Monetary Fund. The majority of its industry is based mostly on agriculture and export business with a focus on coffee. Dole Food Company and Chiquita Brands International together have invested heavily in Honduran industries as diverse as fruits, breweries and plastics, cement, soap, cans, and shoes. In 2005, the Government of Honduras signed a Millennium Challenge Corporation Compact with the U.S. Government for investment of $205 million over 5 years to help Honduras improve its road and transportation infrastructure as well as to diversify its agricultural economy. Honduras also executed an additional $15.6 million MCC Threshold Agreement in 2013 to support Honduran efforts to improve public financial management and create more effective and transparent public-private partnerships in. The national currency is Honduras Limpira.
Tax: Certain tax incentives may be available to investors based on existing and planned local investment programs. Property taxes are a fraction of that in the U.S., and foreign-earned income is not taxed.
Offshore Investment: Project may represent a government approved investment opportunity in equity assets in designated locations.
Visa Investor Program: Retirement visas are provided upon proof of $1,500 monthly income and ownership of up to ¾ acre of land in one’s own name or an unlimited amount of land through a corporation.
Available Conversion Options: Single & Multi Family Residence, Vacation Ownership
IMPORTANT INVESTOR NOTICE! Following Rules apply :
|US Investors (US residents)||FOREIGN Investors (non-US residents)|
|Accredited: YES. Admitted for investment.||Accredited: Contact [email protected] to determine eligibility.|
|Non-Accredited: NO. Not admitted for investment.||Non-Accredited: Contact [email protected] to determine eligibility.|
Information on US Accreditation Rules.
GRANDEINVEST & THE GRANDE ORGANIZATION: GrandeInvest is an advanced technology based investment real estate platform offering financial participation in sports celebrity branded and international prime real estate worldwide. It is a product of The Grande Organization LLC (TGO) based in New York, New York. The Grande Organization markets and develops integrated luxury real estate, investment and related branded sports amenities. The Grande Organization's real estate portfolio includes Grande Club and Residences, Grande Residences, Grande Resort, Ocean Grande Resort, Harbour Grande, and Grande Mountain Villas. Its development focus is on properties in key metropolitan cities and waterfront destinations throughout the Americas, the Bahamas and the Caribbean, Asia, Australia, Great Britain, Europe, and the Middle East. Qualified investors can benefit from investments in mixed-use developments, hotels, retail, spas, restaurants as well as residential and vacation properties.
LOCAL DEVELOPMENT PARTNER: The Grande Organization’s local development partner is Grupo ATOM, based in Guatemala City. With on site project and resort management and construction staff located in Roatán, ATOM is one of the leading developers in the region. ATOM has 7 golf course resort developments in its portfolio. The company is owned by a private group of family owned real estate firms, which have more than 30 years of experience in real estate development, golf course construction, home construction and sales, and the service industry. The company has been recognized in Forbes Magazine for building the best golf courses in Central America. ATOM’s investment to date in Pristine Bay hotels, golf course and land is recognized at $115 million by a 2014 appraisal.
DEVELOPMENT TEAM: The development team for the project includes renowned companies such as: Planner & Landscape Design: Planning firm EDSA, with over five decades of experience in planning and landscape design for over 500 projects in 100 countries. The firm has received over 250 awards for innovation, power to improve quality of life, and ability to stand the test of time. It is referred to as one of the Americas leading landscape architectural companies; Architects: An architectural partnership of FDG.USA, with international experience in design management and contract administration, and Herbert+Linhares Architects, that specializes in planning and residential architecture in South Florida and Latin America; Sports Facilities Architects: Rossetti Architects is the nationally acclaimed sports architect that designed Sony, Palm Springs, Saddlebrook, and US Open/Arthur Ashe Tennis Stadiums, providing designs service for each tennis sports facility; Tennis Operations: Peter Burwash International, that operates 70 tennis complexes worldwide at the top resorts and private clubs from the Caribbean to California, and from Singapore and Hong Kong to Europe and Dubai, will provide operational and staffing resources. PBI facilities are located at Four Seasons Resorts, Ritz Carlton Hotels, JW Marriott properties, and many other global luxury resorts and private clubs such as Badrutt’s Palace Hotel in St. Moritz, Switzerland. Contractor: Construtec is a locally based construction management firm, which is currently building all residential homes at Pristine Bay. Construtec is owned by local development partner ATOM to ensure quality control, and on-time performance.