Beach Front Holiday Hotel and Apartments on Caribbean Island

Project Evolution

Originally conceived as a small beachfront condominium, the project underwent a significant transformation due to the devaluation of the Bolivar, resulting in decreased property prices. The concept was altered to a Boutique Hotel, and finally reimagined as the only beachfront senior citizen residence on the sole white island of the Caribbean, equipped with all necessary services.

Investment Advantages

The project underwent evaluation by MINTUR and was granted a loan of $300,000 with a non-payment period of three years and repayment period of seven to ten years. Additionally, the project is owned by a company, allowing potential buyers to avoid potential scams associated with the property registry.

Prime Location

• Margherita Island, Venezuela
• Beachfront facing the sea
• In the core of the hotel sector among Hotels Ikin, Caribbean Island and Caribbean Village
• Adjacent to the Waterland theme park
• 45 km from Airport
• 16 km from Porlamar

Permits & Approvals

• Municipal Engineering
• College of Engineers
• Ministry of Environment
• Ministry of Tourism
• Located in a privileged tourist area with special prerogatives for tourism development
• Currently, no construction permits are granted due to lack of capacity in agencies providing public services

MINTUR Feasibility

The project has technical feasibility granted by MINTUR for access to bank tourist credit at a preferential rate of 7 to 9% with three years dead period and up to fifteen years to pay.