Based on STR's May 2016 Pipeline Report, over 28,368 rooms in 178 projects Under Contract in the Caribbean/Mexico region.
According to analysis of inquiries conducted by Caribbean luxury property specialist 7th Heaven Properties, demand for Caribbean real estate has doubled during the first six months of 2015 compared to the same period last year.
The Caribbean and Mexico hotel development pipeline comprises 164 hotels totaling 27,621 rooms.
Where are the super rich buying these days? What are the hot spots for the private jet crowd? The top answer is the Côte d'azur in France, according to the new Prime Enclave Index created by Savills.
Luxury conglomerate LVMH Moët Hennessy-Louis Vuitton SA has purchased Hotel Saint-Barth Isle de France from majority owner Adventurous Journeys Capital Partners for an undisclosed price. LVMH purchased the hotel on the French West Indies island of St. Barth.