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Aug 30, 2013

Yumi Limited looks to buy Caye Chapel Resort

A press release on the BCB Holdings website says that Yumi Limited, a British Virgin Islands Company, has entered into an agreement to purchase the exclusive Caye Chapel Resort. The terms of the transaction, says the release, provide for an initial non-refundable payment prior to a due diligence period from September first to November fourteenth, 2013 and a final closing on December twentieth, 2013. The price tag is placed at thirty million U.S. dollars. Caye Chapel started as a high end destination resort, but was closed for some years and then placed on the market. The facilities include eight beachfront villas and eleven marina view casitas as well as an eighteen hole championship golf course. The island is two point five miles long and features a deep water marina with a capacity to accommodate yachts up to one hundred and forty feet. The property also boasts of a paved private airstrip, a formal clubhouse and restaurant with conference facilities.

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