Villas At The Loren Being Offered From $3.8M
Bermuda’s newest luxury hotel, The Loren at Pink Beach, has officially launched the ‘Villas at The Loren’, with 3, 555 square foot villas available at a pre-sale price of $3.8 million.
“As part of the boutique hotels offerings, 7 standalone Villa Residences are in the process of being constructed onsite. Starting at $4.2M completed and $3.8M pre-sale, the 3, 555 sq. ft. villas are a unique opportunity for hotel condominium ownership,” a spokesperson said.
“The purchase of each villa grants the owner membership to the hotel’s private club. Inclusive in this membership is a 10% discount on all food and beverage services and access to all hotel amenities including The Spa at The Loren, state of the art fitness center, heated pools, etc. Villa owners are also granted access to all concierge services as well as room service.
“Each 3 bedroom, 3.5 bathroom villa, complete with plunge pool and garage, has the potential to be entered back into the hotel inventory.
“Designed with modern ‘lock off’ potential in mind, the villas are easily subdivided into three stand-alone units allowing owners significant flexibility.
“Options range from placing each of the three units into the hotel inventory to owners occupying one half of the villa while the other half is occupied by hotel guests.
“This lock off concept is unique to Bermuda in that both guests and owners have access to their own separate and private entrances, creating no unnecessary interaction between the various villa occupants.
“In this respect, each villa has the potential to generate additional income for owners. This however is not a requirement; villas may also be purchased as private residences.
“The villas may be purchased with The Loren furniture package or, alternatively, unfurnished. Purchase of this furniture package is a requirement for villas placed into the hotel inventory. Villas not entering the hotel inventory also have the option to purchase the furniture package.”
The villas are available for purchase through Rego Sotheby’s International Realty, and RSIR partner Penny MacIntyre said, “Initial feedback from prospective local and international purchasers has been remarkable. The market been awaiting newly constructed product that has a contemporary feel reflective of today’s luxury lifestyle.”
The whole place is really expensive which is fine if they can sustain a level of clientele. I cant imagine how Bermudians will afford to wine and dine there in the off season.
Agreed. And the service – just dealing with them over the phone or trying to arrange anything with them is PAINFUL. Those high-falutin’ customers won’t take that crap service.
I guess you feel that Bermudians can not achieve real wealth..
because most of us are broke.
Little Monaco in the Atlantic.
And you can’t stand it can you ?
Once again made in Bermuda, but not for Bermudian consumption!
How many of your products are made in China or America or wherever? Thought so.
“Once again made in Bermuda, but not for Bermudian consumption!”
Once again, you can buy as many of these as you want, there is no restriction.
Perhaps you’re one of those people who think everything you want should be handed to you on a silver platter.
Bermudians are so fri88in negative. Ffs
These would be perfect for a AirBnB. Wonder if sales agreement prohibits using it for short term rentals.
The Loren will not survive …..issues with service,ridiculous prices…..
More whiners. Can’t stand good news can you.
Anything that shows OBA success is shot down. You can Almost write the posts that will come from the naysayers from Alaska Hall!
The hotel is asking $450 a night now and $1500 to $1800 during America’s Cup include me in the Alaska Hall crew…….and I use to vote UBP and OBA/UBP.
Who’s going to pay that price!!
Anyone who says “and i used to vote for……” is a bold faced liar. No u didnt. Stop the eegrance. U cant afford it? Dont bother with it.
This isnt an oba initiative dummy
It’s all about value for money ESPECIALLY FOR THE RICH. They expect amazing stellar service for their money or they will not come back.
Why build these at all?