Boutique Hotel & Restaurant Saba

Project Overview

Verbeek Asset Finance is proud to work for a client with an an ambitious project on the island of Saba. This case contains the purchase of a hotel that went out of business, and transform it into a high-end luxury hotel. Saba’s high occupancy rates, driven by the scarcity of quality accommodations, make this project a unique opportunity. With demand from both local governments and international visitors, the resort will stand out as a luxury retreat with no direct competitors on the island. Verbeek Asset Finance is helping secure the necessary funding and assisting the client with onboarding co-investors to bring this exclusive vision to life.

Financing Solution

Verbeek Asset Finance submitted an extensive financing application for the acquisition, renovation, and operation of the Queens Gardens Resort & Spa on Saba. This project includes not only the purchase of the existing resort but also a high-quality refurbishment to transform it into a luxury boutique hotel. The goal of the financing application is to cover both the renovation costs and the operation of the hotel, ultimately creating a unique, competitive destination on the island. This structured financing solution allows the client to realize his vision and position the resort as the ultimate luxury retreat in the region.

Unique Financing Feature

The initiator of this project – based in the Netherlands – benefits from our local contacts with financiers in the Caribbean, which allows Verbeek Asset Finance to quickly provide clarity on the possible debt solution. By thinking along and also supporting the sourcing of equity, a total solution is offered together with the case consultancy that has led to a good financial calculation of the business case.

Case Consultancy

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Project Progress & Market Opportunity

The hotel has always had a good reputation but has lost its position due to mismanagement. By bringing the whole to top level, the hotel and the unique high-end restaurant will become a destination in itself and entice tourists to experience the nature of Saba in combination with luxury accommodation and a culinary treat that is unseen in the region at this level.

Summary

This extensive consultancy helped develop a clear and solid plan for the hotel, which was a key component of the financing application and the successful execution of this prestigious project. Verbeek Asset Finance not only provided financial support but also offered strategic advice to ensure the business performs at its best. The combination of financing applications and case consultancy is where we truly add value, offering in-depth analysis and hands-on involvement to drive the project’s success.

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