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The Hotel St. Barth Isle de France Sold to Group 
of UK Private Investors  
Insignia Hotel Partners� London office arranged the placement of over 
$10 million in debt finance on behalf of the new owners

 
New York, NY - March 2, 2001 - One of the most exclusive hotels in the Caribbean, Hotel St. Barth Isle de France in the French Windward Islands has recently been sold to a group of UK private investors.  Insignia Hotel Partners� London office arranged the placement of over $10 million in debt finance on behalf of the new owners.

St. Barthelemy - a tiny island covering only 8 square miles of land - lies 125 miles northwest of Guadeloupe and 15 miles southeast of St. Martin in the French West Indies.  It is one of the most exclusive islands in the Caribbean and attracts a wealthy clientele of visitors and property owners.  There are 20 beaches around the island.  Hotel St. Barth Isle de France occupies an excellent site on the Plage Flamandes on the northwest coast of St. Barths. 

Hotel St. Barth Isle de France, built in 1993, is an exclusive luxury hotel with a beachfront location.  The room styles include beachfront rooms and suites, garden bungalows and suite bungalows.  Beachfront rooms have a private terrace overlooking the sea.  Garden bungalows are set back from the beach amongst the palm trees.  The hotel currently has 32 keys and will be extended by a carefully restricted number of suites and bungalows.

Derek Gammage, Managing Director Insignia Hotel Partners, said, �Hotel St. Barth Isle de France is a jewel of a hotel in a jewel of a location.  It is never easy to raise finance for resort properties. and we are delighted to have achieved such a satisfactory deal.  The hotel already enjoys an occupancy of over 80%, which augurs very well for its future success.�

Insignia/ESG Hotel Partners is a leading full service real estate group for the hospitality industry, with brokerage, financing and advisory operations worldwide.  Insignia/ESG Hotel Partners operates out of offices in Atlanta, Boston, Chicago, Dallas, Kansas City, London, Los Angeles, Miami, New York, San Francisco, Tampa and Washington, DC.  Insignia/ESG Hotel Partners is part of Insignia/ESG Capital Advisors Group, which focuses on investment sales and debt financing for major properties of all types.  Insignia/ESG is a subsidiary of Insignia Financial Group, Inc., a publicly traded real estate company listed on the New York Stock Exchange under the symbol, IFS.

 

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Contact:
Kurt Lindsey 
Corporate Communications 
Insignia/ESG Hotel Partners 
200 Park Avenue, New York, NY 10166 
Phone:  212/984-8216 
Fax:  212/984-8207 
[email protected] 


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