Why This Might Be the Best Hotel Opportunity in Bonaire
It’s one of the Caribbean’s hottest small destinations.
It’s outside of the hurricane belt.
And its hotel stock is relatively small when compared to other Caribbean destinations.
And in the age of social distancing, the small-island, spread-out feel of Bonaire is a rather attractive incentive.
“Bonaire is an island blessed with an unsurpassed natural beauty,” a spokesperson for Tourism Corporation Bonaire told Caribbean Journal Invest. “Here on Bonaire, there is a peaceful ambience for daily life, without the hassle of traffic lights, hustle and bustle, or normal, day-to-day worries.”
That means Bonaire represents one of the great opportunities in the Caribbean hotel market — and now what is arguably the island’s most prominent undeveloped hotel site is now on the market.
The 7.5-acre plot is set on the west side of Bonaire, close to the increasingly popular area of Santa Barbara.
Most crucially, it’s home to a 656-foot stretch of ocean frontage — making it the only privately-owned lot of its kind available on the island.
As a reference, the most recent plot of oceanfront land to transact in Bonaire was last year, with a deal for $8.5 million.
The Santa Barbara-area site is on the market for less than that, Caribbean Journal Invest has learned.
Bonaire’s stated plans to increase its room stock by as many as 600 rooms over the course of the next decade.
The Santa Barbara development is zoned for a hotel project (one that could handle up to 200 rooms for a five-star luxury resort), a real estate community or a set of oceanfront apartments.
The latter is the most common development in Bonaire — with most accommodations coming in that format — meaning there’s income potential either as a set of rented apartments or as a full-fledged hotel or resort.
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