Hotel Reservations : reservations@thesandsbarbados.com

Condo Sales : sales@thesandsbarbados.com

 

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FAQ

WHAT IS THE PRODUCT FOR SALE HOTEL? or CONDOS?

  • Condo-Hotel - Condos in a hotel with flexible personal use arrangements and all under a single (central) management entity.

 

 

HOW CAN UNITS BE RESERVED?

  • On completion of a Property Reservation Agreement and payment of a [refundable] US$5,000 Reservation Fee.

 

 

 

WHAT ARE THE HOTEL DEVELOPMENT/RENOVATION TIMESCALES?

  • Resort Opening October 2019.

 

 

WHAT ADDITIONAL PURCHASE COSTS SHOULD BE EXPECTED?

  • Furniture & Furnishings (standardised throughout the property)  are the only addition to listed prices.

  • Comprehensive 'room-set' packs will range from US$15,500 for a Studio Unit, to $31,500 for a 3-Bed/2-Bath Unit.

 

 

 

HOW HAS THE DEVELOPER MANAGED TO DELIVER SUCH COMPETITIVE SALE PRICES?

  • The entire project [planning] process has been designed to deliver high quality apartment/condo-hotel product in a premium location at exceptional prices.

  • The development team has sought to:

    • avoid any costly gimmicks &/or endorsements sometimes associated with leisure-investment & holiday property sales;

    • keep project processes simple and transparent, with management costs staying lean;

    • ensure that the focus stays on delivering an exceptional 4* hotel at unbeatable prices.

 

 

IS THERE A GOOD RENTAL MARKET FOR THIS TYPE OF PROPERTY?

  •  In short, yes.  Many of the leading global tour operators have made a sales and marketing commitment to ‘The Sands’ and are excited to have this new product entering the marketplace.

 

 

 

WHAT ANNUAL MAINTENANCE [PUP] FEES ARE FORECASTED?

  • Studio - US$3,800

  • One Bed - US$4,200

  • Two Bed - US$5,700

  • Three Bed - US$6,800

  • Penthouse - US$8,500

  • The PUP will be independently managed. 

 

 

 

HOW IS ‘RENTAL’ POOL INCOME SHARED?

  • 5% of gross unit rental income is allocated for FF&E maintenance and improvements to a reserve fund.

  • The balance is split 50:50 between hotel management and the owners' rental pool, from which unit expenses can be paid - ie: PUP fees for individual unit owners.

  • Individual share of pooled income is apportioned according to original property list price.

 

 

 

 

DO INDIVIDUAL OWNERS BENEFIT FROM LEAVING PROPERTY IN RENTAL POOL FOR MORE WEEKS IN THE YEAR?

  • Weeks taken for personal use will be deducted by calculating the percentage of the period that revenue is accrued.

 

  • For the owner (A) who leaves their unit in the pool for 52 weeks, the profit share is full.

 

  • For the owner (B) who uses twelve weeks, they will receive approximately 75% of what owner (A) received. 

 

  • Revenue share will also be determined by what time of the year personal use is taken, calculations are done on a monthly basis - ie: peak time personal use is likely to reduce overall financial return.