Wanna Buy A 5 Star Hotel?

If you happen to have some Butch Stewart like money and ambition lying around, you may be interested in an a public auction to be held in Anguilla on Wednesday the 2nd of May 2012. The auction will include the five star Cap Juluca resort.

Cap Juluca resort is no ordinary venue. When you google the name and see its great beaches and interior design it will be a lot easier to believe that the hotel has “consistently high occupancies at an annual average daily rate in excess of $900.”

If its such a great place, why is it being sold? Apparently the current owner couldn’t keep up the payments to the original developer. The hotel will be up and running as usual all the way though.

More About the Hotel

The fully developed resort is located on 179 acres of Crown Leasehold property, has 95 rooms and a, reportedly, “high profile clientele who are drawn to its elegance and privacy.”

Additionally:

all guest rooms [are] located just steps from beautiful Maundays Bay Beach, Cap Juluca resort’s amenities include exquisite villas and rooms, restaurants, fitness center, yoga and pilates classes, spa services, bicycles, golf driving range, lawn croquet, swimming pool, library and tennis courts as well as water sports, including snorkeling, wind surfing, water skiing and sailing. Cap Juluca’s guests also have access to Anguilla’s Greg Norman designed 18-hole Championship Golf Course.

Only for the Big Boys & Girls

Seriously though, this one is only for the serious investor. Before the auction even begins at midday on Wednesday 2nd May, all bidder will have to “deposit a cashier’s check in the sum of $250,000 with seller’s local counsel, Webster Dyrud Mitchell.”

If you win, you will have to “bring the total deposit to 10% of the successful high bid within 24 hours of the auction by wire transfer of funds.”

No joke.

For detailed information regarding the auction, prospective bidders are invited to visit http://www.dkrealty.com/capjuluca.