Pearl Development N.V., developer of the Oyster Bay Beach Resort, has purchased 11 of the 24 units in the neighboring, upscale Coral Beach Club, along with the reception office. Coral Beach Club is regarded as one of the most popular and highest-rated villa and townhouse resorts available for hotel occupancy on St. Maarten.
While enjoying the resort feel, Coral Beach Club will provide OBBR owners and the public the highest in quality residences — right on Dawn Beach and Oyster Pond. You can enjoy complete seclusion and impressive accommodations with complete privacy behind the resort’s gates. On the other hand, Coral Beach Club owners will benefit greatly in the quality and value of their property for themselves and their renters and short-term guests.
This acquisition, led by Pearl Development Executive VP and General Counsel Mike Dolente, is a win-win for Oyster Bay Beach Resort and Coral Beach Club owners and guests because it provides both with many more enticing opportunities.
OBBR’s affiliation with the upscale resort will enhance the opportunities for OBBR owners and the public to trade-up to even more luxurious and more private vacation homes. A special program of financing for qualified individuals and trade-ins of Oyster Bay vacation intervals will make the program even more attractive to owners.
Here are more details regarding the units purchased:
- 6 beach-front units – Three- or four-bedroom villas featuring spectacular panoramic views of Dawn Beach and Oyster Pond Marina. Each of these units also has a private pool and a travertine marble pool deck. Plus, you’ll love the short, private walkway to the beach where you can take in the spectacular view of the lovely Dawn Beach and crashing ocean beyond.
- 4 marina-facing units – These units are two-bedroom, water-side townhouses with calming views of the three marinas on the Oyster Pond. The townhouses also offer access to a semi-private central swimming pool overlooking the Oyster Pond. Plus, there’s an endless parade of beautiful sailing vessels and power boats, as well as breathtaking views of nighttime lights on Oyster Pond and the surrounding hillside communities.
- 1 apartment unit, as well as an office and reception center – This spacious, second-floor, two-bedroom apartment offers ocean views and a convenient walkway to the beach.
The reception building, also used by the other owners at the resort, will be remodeled in a modern, elegant and spacious style by professional designers and architects. Lush landscape and an improved entry way will help in creating an enhanced sense of arrival and a preview of the special hospitality offered at Coral Beach Club.
In addition, Pearl Development intends to establish a premier vacation ownership program at the property to sell ownership interests to those who want to enjoy the most luxurious and comfortable vacation experience. As in the past, special attention will be given to the guests and owners to maintain Coral Beach Club’s track record of meeting the highest standards of satisfaction on the island.
Coral Beach Club will continue to be operated with little change in personnel or other operational considerations. It will complement the services and facilities at OBBR but will maintain a separate and distinct community and identity for its owners and guests. However, OBBR will provide 24-hour management, augmented security and other services through its management company to ensure an perfect vacation experience for Coral Beach Club owners and guests.
As you know, OBBR is affiliated with Interval International, one of the world’s largest timeshare exchange companies. Pearl Development is already working to also affiliate Coral Beach Club with Interval International, as well as with its “Preferred Residences” — a top-class, upscale program for luxury vacation ownership. It allows members exclusive access to exchanges or discounted stays at over 600 of the world’s finest and highest-rated hotels and resorts in the world.
We’re extremely confident that the beauty and serenity of the Coral Beach Resort will qualify the resort for the Preferred Residences program as well as the very prestigious Interval International Elite designation. At the time of this writing, approval from Interval International is pending.
Coral Beach Club, designed by the well-known European architect Jan Heim, opened in 2008. For information on Coral Beach Club visit www.coralbeach-club.com. For more information on purchase opportunities, contact Randy Boatright at 721-540-1100 or Rhorseman@yahoo.com. To book a villa or townhouse for your vacation call 866-978-7278.