NEWS
Park Hyatt St. Kitts project rolled out
02-11-2012
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The ultra-luxury hotel will be developed at Christophe Habour in St. Kitts & Nevis Island in West Indies. Attending the introduction was Mohammed Asaria, vice chairman of Range Developments, Jean-Francois Harvey, founder of Harvey Law Group and Phil Keb, executive vice president of Kiawah Partners.
Park Hyatt St. Kitts is building within Christophe Habour, a 2,500-acre master planned community that is currently under development. The Christophe Harbour development project will offer a Tom Fazio-designed 18-hole championship golf course, a beach club and a 300-acre super yacht marina and marina village.
The project is divided into three phases. The first and second phase is for building the hotel and the final one for building 50 residential condominiums surrounding. The first phase need investment from 375 shareholders, each will invest $400,000 in the project through a limited partnership structure. By this way, their families can be apply for citizenship of St. Kitts and Nevis, which enables them to travel without visa to 139 nations all over the world. The list of nations including Canada, the UK, German, France, and so on.
Slated to open in 2015, Park Hyatt St. Kitts will feature 200 guestrooms and 50 Park Hyatt-branded condominiums. The first phase will include the completion of 125 of the hotel’s guestrooms, two food and beverage outlets, a fitness center, a 12-treatment room spa, and more than 7,000 square feet of meeting and banquet space. The second phase will include the completion of the remaining 75 guestrooms and a third food and beverage outlet. Dewan Architects is responsible for the hotel’s architecture.
Mohammed Asaria, vice chairman, Range Developments, said: “The proceeds of the sale of these investment shares will be used to fund the development of Park Hyatt St. Kitts. St. Kitts after careful due diligence on an individual’s background and economic contribution of a minimum of $400,000 to the country awards an individual and his near and dear citizenship”.
“Acquiring an investment share in the hotel project will not only provide you with a yielding investment opportunity but provides you eligibility for citizenship of St. Kitts.”
Established in 1984, the St. Kitts & Nevis Citizenship by Investment Program is the oldest and most respected economic citizenship programme of its kind. Individuals may become eligible for citizenship of St. Kitts & Nevis by making a qualifying investment in the country.
Range Development belongs to Range Holdings Group, which is founded by Mohammed Asaria and Munaf Ali. The group seeks to develop hospitality complexes in areas that enjoy unique tourism dynamics. The company's objective is to provide investors access to exceptional real estate developments.
