CUPECOY–It appears that the country will not get a Belmont brand hotel in Cupecoy as was announced by them Spatial Planning and Infrastructure Minister Christophe Emmanuel in December 2017.
The scrapping of the hotel project was announced via a real estate e-mail blast this week from Island Real Estate (IRE) Team. That e-mail states: “By popular demand, the developers of Mullet Bay Fourteen have officially announced that Tower B will no longer be developed as a hotel. Due to the success of the pre-sales in Tower A they have decided to continue with the same approach and pre-sell Tower B as luxury condos.”
IRE Team said “We expect this inventory to sell rather quickly” and urged potential buyers to snap up a condo as soon as possible. Units are available for a starting price of around US $214,000.
Mullet Bay Fourteen is a two-tower development under-construction across from Starz Casino and Mullet Bay Golf Course. Developer Frank Teboul received the building permits for the two 21-floor towers in December 2017.
Emmanuel, when delivering the permits, said “this coming construction will be historical. Not only will it create 170 employment opportunities, but it is a new chapter in how buildings are being built in the hotel section on Sint Maarten. Instead of constructing wide, we are constructing higher.”
Source: The Daily Herald https://www.thedailyherald.sx/islands/85788-plans-for-belmont-hotel-in-cupecoy-scrapped
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