Project: Blue Haven Hotel
The Blue Haven is a stylish boutique hotel with 55 rooms and suites. It is the oldest Hotel on the island of Tobago, noted as one of its historical sites with remnants of an old fortress, cannon and surrounding ancient stonewall. Robinson Crusoe was stranded on September 30th, 1659 on this very romantic palm fringed beach according to a book by Daniel Defoe. The anchor can still be seen on the Hotel site and is a main tourist attraction. The glamorous history continued when Hollywood discovered Blue Haven as scenery for several golden movies hosting film stars and royalties in the 1950s.
Blue Haven’s idyllic location, on a majestic cliff surrounded by the azure blue sea the property combines the atmosphere and ambience of the old days with modern living. It’s situated on a 7.5 acres prime oceanfront site and offers 55 units in total which includes 10 suites and 2 ocean-front villas all with private balconies and breathtaking ocean views. Hotel amenities include: a gourmet restaurant ‘Shutters on the Bay’ at the colonial style villa overlooking Bacolet Bay, a Lounge/ Terrace bar, a No-Problem-Beach-Bar, a meeting/ conference room, a fitness area, a swimming pool, tennis court and an appropriate back of the house facilities. There is a car park, beautiful surroundings with lush tropical vegetation and an alley of palm trees bordering the entrance road of the hotel. An additional asset is the potential for extension.
The Blue Haven Hotel is also a previous award winning property on several occasions having been awarded accolades such as Tobago’s Leading Hotel by World Travel Awards, Caribbean’s Premier Boutique Hotel (Caribbean World Magazine & TV), Best Eco Resort, Hotel of the Year (Tobago House of Assembly), Sustainable Tourism Award (Islands Magazine & CTO) and Travel Life Gold Award (Federation of Tour Operators - FTO)"
An opportunity exists for the acquisition of the Blue Haven Hotel which is available for immediate sale. Specific benefits to the investor include:
- Planning permission extended to a total of 104 rooms
- Tax exemption for a period not exceeding seven (7) years in respect of gains or profits;
- A capital allowance in respect of approved capital expenditure incurred by the owner or operator in the creation of a new tourism project or expansion of an existing tourism project.
(a) the importation or entry into Trinidad and Tobago free of customs duty; and
(b) the purchase in Trinidad and Tobago with the privilege of a drawback of customs duties or excise duties, of such building materials which are not already duty free and of such articles of tourism equipment.
-A license to import vehicles with the payment of Customs Duty at the rate of 10%
-Payment of Value Added Tax at the rate of 15%; and Exemption from the payment of Motor Vehicle Tax
- Incentives for Tourism Transport Service Vehicles Under Section 4
Total Investment Required: Negotiable
Type of Investment Required: Investor with the ability to access financing independently