Roseau, Sept. 30, 2022: Dominica’s esteemed six-star, all-villa resort, The Residences at Secret Bay, publicized its payout in excess of 1 Million USD in returns to investors. Moreover, it now holds more than 100 Citizenship by Investment owners from across the globe.
The CBI project that upholds global recognition is a part of the award-winning Resort Secret Bay and has recently released year-over-year results from the fourth quarter of 2019 to the second quarter of 2022.
The Residences at Secret Bay has performed exceedingly well in terms of CBI Investor growth, its Return on Investment(ROI) Payouts, Aggregate Sales, ADR, Rate of occupancy, and Resort employee growth.
The team provided delivery as scheduled villas with the new world-class amenities. Additionally, The Financial Times’ subsidiary Professional Wealth Management (PWM) has named Dominica as the “Best Country for Citizenship by Investment in the World” for the six-year in a row, confirming the gold standard of Secret Bay in CBI Real Estate investments.
The yearly growth patterns of success include:
• From the second Quarter of 2021 to the Second Quarter of 2022, The Residences at Secret Bay exhibited a 151% growth rate from 41 investors to 103.
• From the fourth quarter of 2019 to the second quarter of 2022, investors received US $1 Million, with the rate of Return on Investment being 3.6% and more than 7% on adjusting for operating days.
• A 100% growth is evident in the villa count between 2019 and 2022, and is moving ahead to double the count, reaching 28 villas by the end of 2024.
• The operating occupancy rate spiked from 58.9% in 2019 to 90% in 2022.
• Within three years, from 2019-2022, the Average Daily Rate (ADR) grew from the US $957 to over US $1000.
• Additionally, the employee count between Q4(2019) and ND Q3(2022) rose by 215%, reaching 104 from 33.
• The Non-CBI transactions constituted 36% of revenue, including the Residences setting a Dominica Price Record with the sale of a US $7.2 multi-villa compound in 2021.
“Our more than a decade results are a testament to Secret Bay’s worth proposition from an investment philosophy and sets the stage for future years of growth and profitability for our investors,” asserted Gregor Nassief, proprietor of Secret Bay and The Residences at Secret Bay, and CEO of GEMS Holdings Limited. “We’re grateful for our collaborators and for the dedication of our resort management and development team that has allowed Secret Bay to attain this level of performance and boost in just the last three years. We are hopeful and excited about the future.”
Along with its undeniable growth in the past three years, Secret Bay has also introduced various state-of-art-amenities that include a heralded restaurant, spa, wellness pavilion, welcome house, bar, lap pool and more. The investors will soon receive the benefits of the under-construction amenities, such as a second restaurant and bar, art, EV Charging stations, boardwalk, floating platforms, funicular, and chef’s table, within one year.
The global travel and lifestyle publications such as Architectural Digest, CNN, Fortune, National Geographic, Outside, the cover of Travel + Leisure, and The Telegraph have widely recognized Secret Bay over the past decade for its world-class design, service and experience. It is for the second time in three years, Travel Leisure has named Secret Bay as the highest ranked Resort Hotel in the Caribbean, Bermuda and the Bahamas. It has also ranked among the top 500 hotels across the globe.
The Secret Bay is Dominica’s first and only property to be affiliated with the elite luxury brand Relais & Châteaux. The Residences recently made it to global publications like Architectural Digest, Departures, Luxury Magazine, New York Post, Robb Report, Wall Street Journal, Ocean Home Magazine and Wealth Magazine.
The Resort has become eye candy for travellers from the USA and Europe seeking to spend their lives in an exceptionally beautiful and pristine environment. Dominica, therefore, has been actively indulging in uplifting Secret Bay in order to attract more investors to the island.