A rare investment opportunity totalling $130,000.00 Eastern Caribbean dollars will allow interested persons to be part of the evolution of two of Antigua’s most popular accommodations. COCOS Hotel and the Keyonna Beach Resort will be gain thirty new cottages as part of an expansion project to begin in 2021. Ten cottages will be allotted to COCOS Hotel while the other twenty will be to Keyonna Beach Resort.
The Cottage style experience began as a five Cottage project, a simple eight table restaurant, and a mahogany tree. The aim was to enhance guests’ dining experience and support their need to feel completely at ease within our Caribbean setting. For the Keyonna Beach Resort, this expansion includes adding 600 feet of beachfront property, previously known as Blue Heron. Andrew Michelin, of Alpha Hotel Investments says “the addition of these thirty Cottages will increase employment opportunities, assist local farmers, and contribute to the cashflow in the economy as restaurants and businesses in the area will also be supported by visitor traffic.”
Despite the effects of the global Pandemic, Michelin says “revenue for COCOS Hotel has been better than the same time in 2019”. He adds, “the surplus in demand clearly shows, now is the best time to reenergize and expand.” The high demand for the unique low density, Caribbean style boutique accommodation for which these properties have become popular has made it necessary to take this initiative.
With over 40 years’ experience managing resorts in Jamaica, St. Lucia and Antigua, Michelin has to date, successfully designed, built, opened and operated four hotels in Antigua COCOS, Cocobay, Hermitage Bay and Keyonna Beach.
Investors can expect to receive 8% interest per annum in U.S. dollars on their bonds by the end of 4 years when the investment will be reimbursed in U.S. Dollars. Interested persons may get more information by e-mailing [email protected].