NEW RESIDENCES AT THE CRANE BRING HISTORY HOME
Posted by: Ed in Untagged on
Apr 09, 2010
Inspired by the original hotel built in 1887, Residences in the Park are now available
St. Philip, Barbados (April 2010) – The Crane Residential Resort, the Caribbean’s first luxury resort hotel, has recently unveiled the newest phase of its resort development: Residences in the Park. As the market for vacation ownership regains its strength, many second-home buyers are seeking vacation properties with attractive price points and maximum return on investment. The Residences in the Park offer owners a quality vacation experience combined with the added benefits of property ownership at The Crane and on Barbados, an island known for its exceptional property values and impressive growth in the luxury market.
Modeled after The Crane’s original 1887 hotel, the new Residences in the Park include one- and two-bedroom floor plans, luxuriously appointed with large private balconies, private pools, lush gardens, outdoor showers and private Jacuzzis, personal barbeques, 10-foot ceilings, textured coral stone walls, and quality finishes and furnishings. Apartments are spacious, ranging from 740 square feet to 2,000 square feet and feature fully-equipped kitchens – giving The Residences in the Park the feeling of independence in your own home, but with the added comforts and amenities of a luxury resort.
Set on 40 acres of oceanfront land on world-famous Crane Beach, The Crane offers guests and owners a lush, secluded location on Barbados’ Southeast Coast. “The Crane’s world-class location and unique amenities make The Crane Residences a valuable investment, both for lifestyle and financial returns. Resident owners can enjoy flexible usage of their apartments and an innovative rental program that encourages exceptional profitability,” says Paul Doyle, owner of The Crane. “The new Residences in the Park offer families a private getaway and an opportunity to create lasting memories in their home away from home.”
The Residences in the Park offer enhanced rental pool and capital growth returns. The Crane’s Rental Revenue Sharing Program (Rental Pool) pays an unprecedented 80 per cent of revenues to its resident owners, which equally share net profit derived from all the rentals at The Crane. Fractional prices (per week) for the Residences in the Park start at USD $9,495 and range up to USD $38,795, depending on the type of residence. For full ownership of a Crane Residence, prices begin at USD $551,000 and range up to USD $836,000 for a two-bedroom Deluxe Suite with a pool, garden and gazebo.
Property owners have full access to The Crane’s services and amenities, including a 1.5-acre multi-cascading pool complex, the iconic cliff side pool, a choice of four restaurants and two bars (including Zagat-rated Zen and award-winning L’Azure), flood lit tennis courts, the 55,000 square-foot Barbadian-inspired Crane Village featuring a variety of boutiques, cafés, live music, fitness center, and pink-sanded Crane Beach, one of the most beautiful beaches in the world.
Steeped in historical tradition, The Crane’s private residences’ distinctive architecture and luxurious finishes, expansive views and spacious landscaped grounds all combine to guarantee The Crane’s continuing popularity – and the continuing appreciation in the value of The Crane Residences.
About The Crane:
Set on forty acres of oceanfront land in the parish of St. Philip on the Southeast Coast of Barbados, The Crane is the island’s oldest vacation resort. Conveniently located just six minutes east of Grantley Adams International Airport, the resort boasts a spectacular natural setting on a cliff overlooking the renowned Crane Beach. Today, The Crane is comprised of the original historic hotel building, built in the late 1700s and expanded in 1887, and a new all-suite development. Nine of ten phases of The Crane's new development are complete, including Crane Village. Inspired by the heritage architecture of an 18th-century Barbadian town, the 55,000 square-foot Crane Village welcomes guests to enjoy the best of Caribbean culture, while remaining within the serenity and peace synonymous with The Crane. The Crane Village boasts a Town Hall conference center, new reception and concierge area, a 3,000 square-foot duty free emporium, a variety of cafés and restaurants, bar, general store, retail shops, book store, art gallery, and museum. A state-of-the-art health and fitness center with two new spa treatment rooms offers ultimate relaxation and well-being. For more information, please call (246) 423-6220 or visit www.thecrane.com.
