According to STR's August 2016 Pipeline Report, 27,951 rooms in 172 projects Under Contract in the Caribbean/Mexico region. The total represents a 1.7% decrease in rooms Under Contract compared with August 2015.
Bahamas developer Replay Destinations Ltd. announced the public opening of One Ocean luxury oceanfront condominium residences on Paradise Island.
Based on STR's May 2016 Pipeline Report, over 28,368 rooms in 178 projects Under Contract in the Caribbean/Mexico region.
Recent record-breaking growth in tourism, combined with new and on-going government incentives and investments in airports, highways and marinas, has contributed to an increase in luxury real estate sales
According to the October 2015 STR Construction Pipeline Report, there are 164 hotels totaling 28,046 rooms under contract in the combined Caribbean and Mexico region.
Caribbean hotels are enjoying their continued run of double-digit net operating income (NOI) growth.
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.
If the ferocity of this year's winter is any reminder, there's a reason millions of American and Canadian "snowbirds" head south each year for the winter months.
In my 15-plus year of specializing in golf and resort-style real estate, I've had the pleasure of visiting many of the finest private clubs and resort communities in the world.
Caribbean hotel performance continues to illustrate positive trends in occupancy and average daily rate.
The Caribbean and Mexico hotel development pipeline comprises 164 hotels totaling 27,621 rooms.
Favorable exchange rates, affordable home prices and rising affluence abroad drive international buyers to the U.S.
There is a strong increase of new hotel development now occurring in both the Caribbean and Mexico over last year's construction activity.