Bermudiana Beach Resort Launch Condo Sales
Today [Oct 21], Bermudiana Development Company Limited announces the launch of sales at the Bermudiana Beach Resort, with prices starting at $415,000 for studios, $465,000 for one-bedroom condos, $558,000 for two- bedroom condos and $750,000 for three-bedroom condos.
A spokesperson said, “Today, Bermudiana Development Company Limited announces the launch of sales at the Bermudiana Beach Resort. The oceanfront development is Bermuda’s first branded condo-hotel and part of the Tapestry Collection by Hilton.
“On Bermuda’s beautiful South Shore Warwick, Bermudiana Beach Resort, Tapestry Collection by Hilton is comprised of 90 fully furnished hotel residences across nine buildings with five property configurations ranging from studios to three-bedroom properties.
“The condos are for sale on a 999-year leasehold basis and, under the terms of the Lease, owners are able to occupy them for up to 90 days each year.
“Each condo has a comfortable living and dining area, and a well-equipped kitchen. They can comfortably sleep from four to eight people and most have full or partial south-facing views of the ocean. All have either a terrace or balcony.
“Buyers at Bermudiana Beach Resort will have access to upscale on-property amenities, including a cliff-top infinity pool and bar, a restaurant, a spa, a hotel reception area, and additional swimming pool for children. A two-car funicular elevator will take guests to the immaculate and secluded pink sand beach below. Flexible spaces will also be available for meetings and events, as well as a beautiful outdoor space for weddings and other events.
“Bermudiana Development Company Ltd is responsible for the conversion of the property and, once open, properties and amenities will be fully-managed for owners by a professional hotel management team.
“If owners choose to rent their condos out, this can be done through the hotel rental program. Being part of Tapestry Collection by Hilton gives Bermudiana Beach Resort access to Hilton’s 24/7 global reservations and sales system, a powerful loyalty program and a global marketing presence. This is a convenient and highly effective alternative to personally managing vacation home rental and allows owners to achieve the highest possible occupancy and rental income each year.
“The three-bedroom condos include a lock-off facility which enables owners to rent out part of the property while in occupation themselves and still remain totally private. Alternatively, when not in use by the owner, the condo converts into two separate hotel suites, maximizing occupancy and rental revenue.
“Bermudiana Beach Resort condos are fully-managed and maintained to Tapestry Collection by Hilton standards. The condos are also fully-serviced with cleaning, housekeeping, grounds maintenance, gardening, property repairs and a reception team to welcome guests on arrival.
“Coldwell Banker Bermuda Realty is the sole listing agent for condominiums at Bermudiana Beach Resort. President and CEO, Brian Madeiros, whose on-site sales team is led by Heather Chilvers, says that on a local level the Bermudian Beach Resort is an attractive option for Bermudians who live overseas for part of the year, but want to keep a foothold in Bermuda. It is also an easy way for locals and permanent residents to be able to accommodate visiting family and friends.
“Brian sums up what makes these hotel residences special as follows: ‘Bermudiana Beach Resort will market, manage and maintain your property, so you can enjoy all the perks of owning a condo without any of the hassle or responsibility. Being part of the Tapestry Collection by Hilton ensures that standards are maintained and rentals maximized’.
“Prices start at $415,000 for studios, $465,000 for one-bedroom condos, $558,00o for two- bedroom condos and $750,000 for three-bedroom condos.
“The on-site sales office is open to potential buyers from Monday – Friday 9am – 4pm , Saturday 9am – 12 noon or by appointment.
“For additional information about Bermudiana Beach Resort, please visit www.bermudiana.com or call Heather Chilvers on 441 232 6000.”
For the price of a modest home, you too can occupy these condos for 90 days out of the year.
Insane
People who are smart enough to have made enough money to buy one of these units are not dumb enough to buy one of these units.
Whats the maintenance fee? The place up the street has a yearly fee and a per night fee.
I hate to sound negative about anything related to tourism especially with a positive ROI but this venture is only a bad dream. Who is going to pay $415,000 plus taxes and monthly maintenance for a studio or $750,000 plus plus for a three bedroom condo they can use 90 days a year?? With prices like these, the hotel rates will be beyond what visitors will pay. too. Bermudians who live off the island and want to maintain a on-the-island residence will find a more financially attractive way. The Reefs and Tucker’s Point fractional/timeshares had much more to offer and the price was much less. If further work on the development is tied to the condo sales it may never be completed.
I thought hanky panky once said he’ll buy it.
Perhaps he has wisely invested his money overseas since then.
What do you mean?!?!?!?! These are not going to fall in the ocean? What has changed? The case of two Bermuda’s …….
If these homes fell in the ocean every house on South and North of the Island would be the first to go. The UBP will always be a bunch of wankers who will continue to change it’s party name to try and escape it’s racist past!
Nah, the wankers are the party who built these and can’t sell them. The whole venture is a total failure and has been right from the start. Wankers.
Actually, I think the original comment was in relation to an independent engineer’s report from 15 years ago or so.
It is not about every home in Bermuda, just an unstable cliff face in one part of the main Island in Bermuda.
2014 article excerpts:
“The Board was of the opinion that a six-foot distance to the edge of the cliff was too close. Further, the Board raised concern over the long term effects of placing a pool in the proposed location,” the minutes state.
“Specifically, the Board queried the likelihood of the continued erosion of the cliff face and the future need for further revetment works to retain the pool.
“There continues to be wind and rain-born erosion, especially in the areas where the cliff surfaces extend out beyond the base of the cliff below,” he wrote, adding that remaining casuarina roots and new sapling growth also risk damaging the cliff face.
He wrote that the developers intend to further secure and stabilise the cliff by extending the end of the existing wall at its base and make structural repairs to the cliff itself, along with hiring a quality stone cutter to trim away areas of the face which are loose or “dangerously extending beyond the base of the cliff”.
Fool me once, shame on you. Fool me twice, shame on… Wait, you never actually fooled me the first time.
What is different from the last time round when this failed?
So you can rent your unit out via the resort … you can do that on Airbnb yourself
I’m sure they ‘have 100 buyers lined up’. Like last time.
“It is also an easy way for locals and permanent residents to be able to accommodate visiting family and friends”
It appears that they are available for purchase by foreigners as well as Bermudians.
A pig with lipstick is still a pig..
For the price of a condo on island you get 90 day’s but these are under the price usually available to non Bermudians so maybe a way to get more people on island.. LOL
They also keep talking about all the upscale on-property amenities, including a cliff-top infinity pool and bar, a restaurant, a spa, a hotel reception area, and additional swimming pool for children. A two-car funicular elevator will take guests to the immaculate and secluded pink sand beach..
When are these being built? If you buy one today you get zero amenities, well unless they have a special deal with South Shore Swizzle..
They will be marketing them overseas and the Hilton reservation system has close to 95 million loyalty members, it seems a lot easier way to market a vacation rental than Airbnb.