TORONTO, June 29, 2016 (hospitalitybusinessnews.com) — Four Seasons Hotels and Resorts, the world’s leading luxury hospitality company, and Starwood Capital Group, a private real estate investment firm, today announced that Four Seasons will assume management of the Viceroy Anguilla resort, which is owned by funds affiliated with Starwood Capital Group. Following the Resort’s annual closure from August to October, the property will reopen as Four Seasons Resort and Private Residences Anguilla.
The 35 square-mile (91 square-kilometre) island of Anguilla is one of the only islands in the British West Indies to maintain an embargo on cruise ships, casinos and high rise hotels, preserving the natural beauty, culture and tranquility of the island. Framed by endless white sand beaches, serene bays and rugged coral coastline, Four Seasons Resort and Private Residences Anguilla is located along the island’s northwestern shore, offering 3,200 feet (975 metres) of pristine beachfront and unobstructed views of the Caribbean Sea’s breaking surf.
The original developer of the hotel filed for bankruptcy in March 2011 after investing 550 million into the resort. At that time Starwood Capital owned the $358 million mortgage and subsequently took over the property. In 2015 the property was up for sale and there were reports that The Carlton Group was going to purchase the property. It is unclear what happened but the sale never proceeded.
Four Seasons Resort and Private Residences Anguilla will feature 166 accommodations including dedicated resort guest rooms, whole-ownership beachfront private residences, 5,000 square-foot (465 square-metre) villas, and vacation rental units. Offering secluded luxury amid a high-end atmosphere popular with families and celebrities alike, guests and residents of Four Seasons Resort and Private Residences Anguilla will enjoy access to world-class dining, an 8,100 square-foot (753 square-metre) spa and a wide range of pool and watersport activities. Casual yet chic, the property will elevate seaside luxury on the island, combining sleek, modern design and stunning natural surroundings with Four Seasons legendary quality and service.
“Four Seasons is known all over the world for operating some of the finest luxury hotels and resorts in the world, and we’re excited to bring their level of expertise in resort and private residence management to Anguilla as we continue to make additional improvements to the already magnificent property. Four Seasons is committed to the highest standards of service and care. For our guests and current and future residential owners, we look forward to re-opening the doors of our Anguilla resort as a Four Seasons later this year and elevating Caribbean luxury to new levels,” says Barry Sternlicht, Chairman and CEO, Starwood Capital Group.
“This is a unique opportunity to extend our presence in the Caribbean and offer luxury travellers a Four Seasons experience at the best resort property on the island,” comments J. Allen Smith, President and CEO, Four Seasons Hotels and Resorts. “This is our first venture with Starwood Capital Group and we look forward to leveraging our combined strengths and shared commitment to excellence as we introduce a world-class Four Seasons resort to Anguilla later this year.”
Four Seasons has had a presence in the Caribbean for more than 25 years, having operated Four Seasons Resort Nevis since 1990. Four Seasons Resort and Private Residences Anguilla will be the second resort in the company’s Caribbean collection.