What is going on at Cap Juluca in Anguilla?

In an article published on the online site “Truevilanews.com” a major announcement was made recently about the ongoing sale of Cap Juluca with an expected closing date on 6/24/2016.  However, June 24th came and went and no sale was finalized at Cap Juluca.

Please see link to related article http://trueviralnews.com/?p=187905

Parts of the article stated the following: “Possession disputes at Cap Juluca, which for years have resulted in stagnation of refurbishments, might be cleared away with the anticipated buy of the property by New York-primarily based Carlton Ventures, whose principal is Howard Michaels. As soon as the deal closes on June 24, the brand new proprietor is anticipated to speculate $30-50 million over 15 years to develop the property from ninety eight items to 370, Banks mentioned”

Then on 7/8/2016 the first public update about the sales was sent to the mailing list of the past visitors by the Director of the acquiring group.

From: “Paul Wolfson” <pwolfson@carltongroup.com>
Date: July 8, 2016 at 4:39:02 AM EDT
To:tamhob@yahoo.com
Subject:Cap Juluca – Once In A Lifetime Opportunity To Invest In Iconic Five Star Hotel & Resort

We are writing to advise you that we are in advance discussions to acquire Cap Juluca.

As you know, Cap Juluca is one of the finest five star hotels and resorts in the Caribbean and we are planning on spending tens of millions of dollars to totally upgrade and renovate Cap Juluca to make it the #1 hotel and resort in the entire Caribbean.  We have a tremendous business plan to upgrade the property and modernize all of Cap Juluca’s existing facilities, amenities and infrastructure.

We have also retained one of the best hotel architectural professional teams in the world to totally redesign and reposition Cap Juluca back into its former five star world-class, iconic asset status.  Please click this link to see just some of the renderings of just how beautiful Cap Juluca is going to be: Cap Juluca Renderings

In addition, we have also be partnering with one of the top hotel companies in the world, who is going to manage and brand Cap Juluca providing a best-in-class guest experience, along with the finest beach in the Caribbean which you know and love.  One last point is that we will be unifying the property, so all 18 villas and 96 keys will be in operation and any of the historical legal issues with Cap Juluca will be cleaned up at the closing.

In sum, we are encouraging you to contact the undersigned should you have an interest in discussing a modest investment as well as the other benefits which you can achieve by being part of the new ownership group.

We look forward to hearing back from you.

Thanks,

Paul Wolfson | Director

Carlton Group

560 Lexington Avenue, 10^th Floor | New York, NY 10022

+1 917.332.2058 Office | +1 914.393.4988 Mobile

+1 917.591.5857 efax

Email: pwolfson@carltongroup.com Website: www.carltongroup.com

About The Carlton Group

The Carlton Group is an international real estate investment banking firm with offices throughout the United States and Europe. Founded in 1991, Carlton has consummated in excess of $100 billion in transactions. Carlton is one of the world’s most successful intermediaries in providing equity and debt capital solutions, as well as providing sophisticated investment sale services. The firm also specializes in providing commercial loan restructuring and recapitalization services. Carlton’s expertise includes arranging passive promotable equity for individual real estate transactions and raising entity level equity capital for institutional sponsors. Carlton also executes an aggressive international advisory platform, which is currently executing well over one billion dollars of equity, debt and investment sale advisory business throughout Europe and Eurasia.

Now, in true Cap Juluca ongoing drama and saga, the present owners send the following email less than 24 hours later to the same mailing list that received the original email.

So the questions and intrigue lingers:

·        What is going on with the Sale of Cap Juluca?

·        How the potential buyer got hold of the mailing list and sent such a letter without consent?

·        Does this mean the deal is dead?

·        For now it seems that Saga at Cap Juluca continues.