Hurricane-ravaged hotel being sold | Tamarind Club on the market for $750K
Roughly two years after hurricanes Irma and Maria ravaged the Tamarind Club on Tortola, the popular hotel and restaurant is now up for sale.
Real estate company Coldwell Banker said the Josiah’s Bay-based property, which is approximately 8,000 square feet and sitting on about 2 1/2 acres of “flat, buildable land,” is being sold for $750,000.
Explaining the reason for the Tamarind Club up for sale, the Company said: “The Tamarind Club undeniably took a good and thorough bashing from Hurricane’s Irma and Maria, but out of adversity sometimes springs opportunity.”
It continued: “This nine-bedroom hotel with a very popular bar and restaurant is now being offered at an ‘As Is’ price of $750,000 which makes redevelopment and expansion a ‘no brainer’. Just moments from Tortola’s most famous surfing beach, Josiah’s Bay, The Tamarind Club’ simply screams “The Caribbean’s Hippest Surfing Hotel’! It’s just going to take a surfer with some vision and some gumption to make this dream a reality.”
In the meantime, the BVI Tourist Board (BVITB)’s website said the hotel was built in the mid-1970’s as a community centre for the Josiah’s Bay estate.
Since then, the facility “has evolved over the years from a happening music scene spot to a quiet holiday hotel with gourmet food, great fun, and sometimes a little lively mischief.”
Before the devastation, the BVITB described the club was an intimate hotel in the British Virgin Islands.
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And you probably think that’s cheap?
If this was a good deal then Coldwell Banker would buy it or the Investment Club would have been all over it. It’s another money pit that some unfortunate expat will dumb good money only to find the true BVI when he’s done. Hand a sign at the entrance that says “Keep Out” and underneath write “Including potential buyers”. Just remember expats, you’ll need to take a local in as a majority partner to do business and hire Belongers to work there. Better off taking your money to Vegas. You’ll have better odds there.
So you’re essentially saying all Belongers are a**holes and all expats are scholars/upstanding citizens? You can feel the disdain in your post as BVI is one of the last places where the blacks/locals can still partake in the economic advancement of their home country.
I guess you haven’t read about the US. Lowest unemployment among Blacks in the history of the country. Highest per capita income of Blacks ever. And your dumb enough to say that the BVI is the only place left for Blacks to participate. In the BVI where Blacks rule you have one of the lowest levels of education, infrastructure, health care and your economy is based upon hiding wealthy white money. Please crawl back under the rock in which you live.
He’s right. The former owners had a silent local partner who demanded his share after doing nothing ever, and giving no money at any time. That’s part of the reason why they’re gone. The business was hemorrhaging for a long time. No local will touch it for very good reasons. Any expat who buys it is crazy. The Tamarind is dead and gone. The only way someone can make money is to buy it, raze everything, and turn the site into condos.
They need to drain that pool, it is half full of stagnant water and has been like that for years now.. I have tried calling the bug out and vector control numbers but no one answers the numbers listed.
I second what you are saying and feeling – money is so much more important – than safety – you are wright about the STANDING WATER FOR THE PAST TWO (2) YEARS – CALL ALL AGENCIES IN THE HEALTH DEVISION – WHAT IS THE OWNER … SELLING – THEY HAVE COME TO THE BVI MAKING US LOOK STUPID. THEY NEED TO STOP COMING AND MAKING IT DIFFICULT FOR LOCALS TO PURCHASE – THEY WANT TO COME BUY AND SELL HIGH OUT OF THE REACH OF THE LOCALS. SEND THEM AWAY.
WE NEED TO STILL LIVE IN OUR HOME LAND. SEND THEM AWAY BEFORE WE HAVE TO BE THE ONES LEAVING BECAUSE WE CAN NO LONGER AFFORT TO STAY IN OUR HOME LAND.
Just go on google and you would see the reason why the Tamarind club is for sale . It has nothing to do with no hurricane. The eastern caribbean supreme court is who made that decision three days after hurricane Irma in st lucia.stop fool the public about devastation. It was in the courts for years. Its on google for all to see.
Link?
haha, what a joke.
It looks like an expensive piece of dump to me.
Quite a steal for the property!
However, it will cost a million to renovate, much less to bring to its fullest point of operation!
Not a steal at all!
that’s so wrong, if a couple went in 1 back of house 1 front of house that place could be operational within a month, then once income comes in then go to renovate and fix the rooms.
How is this news? It has been on the market and being advertised for last 2 years. It has even had an auction
The tamarind club sits on good land but almost all if not all the structures need demolishing. Google said they owe a guy in the usa six hundred and fifty thousand dollars .they also owe water and sewerage department over eighty thousand dollars for water.they also owed [accounting firm] thousand of dollars.there is a 20 ft road that surrounds that property that is still part of the Tamarind club but its the home owners around that fix that said road so the people need to try and get the government to make it a public road.also anyone that buys any of the other 13 houses oround the Tamarind club have undeniable access to the pool and that is some of the things that potential buyers need to know.this is documented at the land registry.so all the families around can use the pool when ever they want.that had need to change but it never did.
Wow this piece of land that’s up for sale, seems to have a lot of problems surrounding the sale and the land itself, We cannot can take the land with us. So think wisely please before your investment and remember people we come with nothing and will take nothing with us. This land sounds like plenty trouble.
Sue it is good land to be bought ,for the price of 750 i do not know.what i do know is that the structures needs to demolish.Any new owners also need to know that certain clauses exist that allowed the home owners on the same side as the Tamarind club full access to use the pool.And also the previous occupiers run up a huge water bill in excess of eighty thousand dollars and the policy of the WSD is that the bill must be paid before any reconnection. I am certain that would be explained to potential buyers. The 20 ft road is what makes that property 2 1/2 acre .minus the road it would be more or less two arces.the former tamerind club never fix any of that road it was the home owners around that did all the fixing.So i believe that the road is not so private anymore and thats another thing that buyers need to know and this road has been therefor over 40 yrs and more.
what you are saying is that for over 40 yrs the home owners around that prpperty were maintaining the road but it still belongs to the Tamarind club??that matter need to be taken to courts for redress. So tamarind club can fence there land but not the road that is part of there property??strange !!hope the buyers knows about this
Just to add that the hotel was actually built in the early 1980’s by my ex husband and his business partner.
David Collings and Derek Fitzpatrick
pure garbage you talking, who stopping the local to buy, no body so whats the problem?ayo alyways with this expat thing.
if they selling it that means they weren’t making any money and they probably had a terrible insurance policy and they now probably have no collateral for a loan to make repairs. sad AF