Lots in Resort development Cayo Phase 1 Sleeping Giant Cayo

This is a subdivision located in the Cayo district part of Sleeping Giant with properties in Phase 1 starting at $73,000 USD with only 4 properties still available in this Phase.

Pricing: 

For the first phase of this project, homes start at US$249,000 for a one-bedroom with a full kitchen and pool.  Riverfront units start at US$279,000.

Owners Club:

Buyers will become a part of the Owners Club, which gives owner’s the benefit of access to other resorts in The Belize Collection at a 20% discount on the best available rate along with a 10% discount on food, drinks, and tours. 

Property/Rental Management:

Rental of these units will be available through our management company The Belize Collection.  The onsite management is provided by Sleeping Giant Rainforest Lodge.  It is not possible to rent the homes independently from our operation as we want to maintain consistency of our product offering in terms of product quality, packages offered, and pricing.

Owners have the right to enter their units into the rental program or use the units for themselves, their friends, and family.  There are no restrictions as to how many days an owner can use their unit and they can participate in the rental pool as much as they wish.  Entering and leaving the rental pool is as easy as blocking off room nights with our reservation’s office.  One stipulation is that any unblocked room nights that are booked need to be honored by the owners.  We cannot kick booked guests or cancel existing reservations for the owner’s use.

Rental Split:

The management agreement has a split of room net room revenue 70% to the owner and 30% to the resort.  The net revenue is net of sales commissions.

Expected Income: 

The Belize Collection hotels have a long history of well-run resorts achieving high occupancy rates at good average daily rental rates.  The projections for the rental of the homes are based on similar room styles at Sleeping Giant and the rental history of those rooms.  From that historical data, we expect a ROI of 11-12% at stabilization (when the room rates and occupancies of new rooms stabilize).  Proformas of the two home styles are available at your request.

Financing: 

Financing is available up to 40% of the purchase price at 7% annual interest on a 15 year amortization and a 3 year term.

HOA Fees: 

There is a US$200 monthly HOA fee to cover common area costs around the buildings such as exterior grounds/gardens, exterior maintenance like pathways on the property, the roof, and exterior painting of the buildings.