Listings
Leisure Investment Properties Group is proud to present the opportunity to acquire Tamarind Reef Resort and Spa in beautiful St. Croix, U.S. Virgin Islands. The Tamarind Reef Resort is a unique investment opportunity featuring a newly renovated 40 key oceanfront resort with considerable development opportunities on the 20+ land acres of the property (more details on pg. 20 of Offering Memorandum). This expansive property features two spectacular beaches with fantastic snorkeling – a short swim from Green Cay, nestled in the architecturally stunning Southgate community and bounded to the east by a 100-acre Southgate coastal reserve just 10 minutes to historic Christiansted town.
The resort enjoys US Virgin Islands EDC Benefits which promote tax incentives for additional development of the resort (more details on Pg. 7 of Offering Memorandum). The various revenue streams of the Resort and Leases allow for consistent success given the dependable revenue of leases and the upside in increased tourism to the US Virgin Islands.
Listing Price $5,900,000 (2023 Hotel Revenue: $2,214,372, Additional Land Value $8,000,000)
Pro Forma Cap rate - 8.35%; Pro Forma RRM 2.60x
40-room Waterfront Resort Featuring Newly Renovated Suites
Incredible Development Opportunity to expand the Resort and build Flats, Townhomes, and Retail operations overlooking the stunning views of the Caribbean Sea. (Approximately 20 Acres of developable land)
Amenities - outdoor swimming pool, tennis courts, fitness center, beautiful beach, and restaurant
Tamarind Reef Resort & Spa
Christiansted, St Croix
- Executive Summary (9.9MB)
- Offering Memorandum (44.8MB)
