Karma Royal Group Announces Karma Bahamas
February 9, 2010 by Perspective Magazine | Timeshare & Fractional ReviewsThe Karma Royal Group announced today the development of Karma Bahamas, which will be another upscale Karma Resort and the company’s first resort property in the Caribbean.
Karma Royal Group has entered into an agreement with the principles of Mango Bay Bahamas, the owners of Little Harbour Island, for the property to be developed as a Karma Resort. Karma Royal will assume responsibility for the sales and management.
“We are excited to add the Bahamas to our portfolio of Karma Resorts in Indonesia, Thailand, Australia and Greece,” says Karma Royal Chairman John Spence. “Our resort on Little Harbour Island will enhance what is already an unrivalled experience.”
The island is stunning and is ideally located a five-minute boat ride from Harbour Island, the most exclusive address in the Caribbean, which has long been known as a stunning and upmarket holiday destination and boasts many luxurious private villas of Hollywood stars, international celebrities and fashion designers. The island is also famous for its pink sand beaches, rich colonial history and the Goombay Smash – a killer rum punch.
Little Harbour Island is also ideally situated a five-minute ferry ride from the airport dock of north Eleuthera, which not only has regular flights to Nassau, the capital of the Bahamas, but also to Miami and Fort Lauderdale (a mere one hour away). Indeed, this international accessibility means that clients can fly their private planes in from the eastern seaboard of the United States, with New York a mere two-and-a-half hours away.
Construction has already commenced on the island, where there is already the beginnings of a marina, core infrastructure and a number of completed and partly completed villas. When finished the property will comprise a combination of deluxe three- and four-bedroom villas, some with their own private beach; smaller one-, two- and three-bedroom townhouses; and hotel-suite units.
“We are still determining the optimum number of units on the island, but the likely number will be between 30 and 60, which will create in excess of 100 keys,” Spence says.
In addition to the marina, the property will have a full range of Karma-standard facilities, including a Karma spa, a range of restaurants, a gym, club house and full hotel amenities.
In tandem with the development of the property, Karma Royal will be marketing and selling property at all ends of the price spectrum, primarily on site, in the United States and Europe. They will offer a combination of traditional real estate purchase and a form of fractional ownership in addition to nightly rentals.
“This will be one of the first times that we have partnered with another company in a karma resort, and we see this as a key strategy for our rapid growth, enabling us to spread our wings and develop in new parts of the globe and to work with local experts and partners for mutual benefit,” says Spence. “Indeed, having spent time with the principles of Mango Bay, I am very confident that we share the same vision and goals for this project.”
Spence adds that he is “delighted that we will be commencing a resort in the Caribbean,” and added that Karma Royal is also looking at additional development opportunities in Costa Rica, Grenada and St Lucia. “I am very keen for us to start to market in North America,” say Spence, “and indeed to market and promote our Asian properties there. I believe strongly that as the economy recovers, North Americans will have a strong appetite for the holiday products and offerings that Karma and Royal have… backed up by our sales and marketing skills and experience.”
ABOUT KARMA ROYAL GROUP
Karma Royal Group is Asia’s largest independent resort developer, with 17 resorts in India, Thailand and Indonesia. www.karmaresorts.com www.royalresorts.com.au
For employment opportunities e-mail royalmark01@hotmail.com.
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