Belmond today announces that it has signed agreements to acquire Cap Juluca, a luxury beach resort on the Caribbean island of Anguilla, British West Indies. The addition of the elegant, 96-room resort marks an important milestone in the strategic development of the Belmond brand, which is committed to doubling the size of its portfolio by 2020. Upon completing the acquisition towards the end of May, the Company will immediately operate Belmond Cap Juluca and will be ready to welcome guests.
Belmond expects to carry out a top-top bottom renovation at the end of the 2017/2018 festive season, including the development of25 new beachfront villas or suites, bringing the resort"s total inventory to 121 rooms. The renovation, which will be respectful of the authentic charm of the iconic resort, will also include interior furnishings of all suites and villas; the introduction of new culinary concepts that celebrate the local food culture; enhancements to the spa; and new and renovated public areas. After the refurbishment, which is expected to be completed by the end of 2018, Belmond will have invested a total of approximately $121 million in the acquisition and subsequent renovation and expansion of the resort.
Belmond Cap Juluca complements the brand"s personality of authentic escapes that blend perfectly with nature, local culture, and inspire a sense of wellbeing. Set on one of the Caribbean"s most beautiful beaches, overlooking the aquamarine waters of Maundays Bay, the unspoiled setting encourages guests to unwind to the slow rhythm of Caribbean island life.
