Ownership
The 55 one- and two-bedroom villas at Papaya Hotel & Spa are the first opportunity for property ownership within Rendezvous Bay.
Investors who qualify can become citizens of Antigua & Barbuda, an independent member nation of the British Commonwealth. Hotel villas can be bought outright or in half, third or quarter shares. In addition, owners and their families will be able to use their property and enjoy preferential treatment at the hotel facilities.
Papaya hotel is to be operated by world-class boutique hotel operator Angelo Zaragovia to achieve an operating return on the investment. Angelo’s boutique hotels in Costa Rica are multiple award-winning properties and, moreover, proven financial successes.
Prices for the ownership at Papaya Hotel & Spa start at US $404,500. For more information please contact us.
Purchase & Citizenship Snapshot
Example Quote for one-bedroom villa (Main Applicant + Spouse)
| ONE-BEDROOM VILLA | EQUITY SHARE (US$) | WHOLE OWNERSHIP (US$) |
|---|---|---|
| Property Cost | $ 404,500 | $ 809,000 |
| Property Tax (2.5%) | $ 10,112 | $ 20,224 |
| Government Application Fees | $ 100,000 | $ 100,000 |
| Government Due Diligence Fees | $ 15,000 | $ 15,000 |
| TOTAL | $ 529,612 | $ 944,224 |
Please note: Total price varies depending on number of applicants. Legal Fees are not shown here and are subject to market jurisdiction standards.
Ownership Benefits
Hotel villa owners and their families will be able to use their property and enjoy preferential treatment at the hotel facilities.
In addition, the villas will be operated by world-class boutique hotel operator Angelo Zaragovia to achieve an operating return on the investment.
Investment with developers and operators with a demonstrable history of providing operating return and capital appreciation
Ownership in land and property on the most sought after site in the Caribbean
Ownership in a top hotel in the eastern Caribbean’s most accessible island by air
No operating costs in the first five years of ownership
Application for citizenship can begin immediately upon execution of reservation agreement
Capital appreciation and income generation opportunity in one of the most popular destinations for wealthy Europeans and North Americans
Hotel villa owners and their families will be able to use their property and enjoy preferential treatment at the hotel facilities
Ownership Structure
Each villa can be purchased as a freehold property and will be operated in the hotel for income production but allow the freeholder up to four weeks of owner time per year for personal usage.
Investors can also purchase a fractional ownership of the villa, which allows for owner occupancy ranging from two to three weeks per year and reduces the investment much closer to minimum citizenship investment levels.
Hotel Highlights
Inspired by, and to be operated by, the creative mind behind Nayara Hotel & Spa in Costa Rica, voted #4 Hotel in the World on Trip Advisor 2013, #1 Hotel in Central & South America by Conde Nast Traveller 2013, #4 Hotel in the World by Travel & Leisure 2013, #2 Hotel in the World by Travel & Leisure 2014
Located in the most exclusive area of Antigua
Hotel villas include generous bedrooms, salons, floor-to-ceiling windows, private outdoor shower gardens, infinity-edge pools, and spectacular ocean and beach views
55 one- and two-bedroom private villas will radiate out from a spine of land that bisects the two beaches of Rendezvous Bay
Guest villas will be serviced by both a hilltop and a beach restaurant with adjoining bars
International-class spa and fitness facilities are designed overlooking the western beach
The western beach will front a 50-acre nature reserve, home to tennis facilities, walking and hiking trails, and an organic farm that will supply fresh fruit and vegetables to the hotel guests and community residents.