Naia Resort and Spa
Confidential Information
37
Total Rooms
 
 
 
 
 
 
Opportunity Overview
  • Naia Resort is a highly successful Master Planned resort and residential community located on the beautiful Placentia peninsula of Belize. The 213-acre site includes 30 beach suites and villas and a Bali inspired spa being operated as NAIA Resort and Spa with 20 additional rooms currently approved in the Master Plan.
  • The total number of residential lots currently approved and developed in the Master Plan is 112, of which 76 have been sold. Up to an additional 84 lots can be developed under the Master Plan. Many of the sold lots have owner constructed luxury homes and residences, of which seven are currently included in a rental pool with the resort operation. This number is expected to grow as more residences are built.
  • The owner will consider selling the resort and additional land designated for hotel development on a standalone basis and retain current residential lots and land designated for future residential development.
  • The resort is currently independently operated by the developer and there is opportunity to improve both occupancy and ADR with professional hotel and resort management and a potential brand affiliation. During 2020 and 2021 the resort offered 50% rate discounts to in-country residents.
  • As international travel resumes ADR will increase significantly. The room count can also be increased with development of the currently approved beach front rooms. In addition to sales proceeds from the remaining lots to be sold and the development of additional lots under the Master Plan, there is also potential to develop townhomes and a marina on the site.
Location Overview
  • The history of Belize dates back thousands of years with the Maya civilization arriving around 1200 BC. Several ancient Maya sites, including Cahal Pech, Caracol, Lamanai, Lubaantun and Xunantunich reflect that time and are now popular attractions. The first recorded European visits in the region were made by Spanish conquistadors and missionaries in the 16th century. Belize was formally termed the "Colony of British Honduras" in 1862 and became a Crown Colony in 1871. Self-Government was granted in 1964 and the official name of the territory was changed from British Honduras to Belize in 1973. Full independence was granted in 1981.
  • Belize has one of the most stable and democratic political systems in Central America. Voting is universal (but not compulsory) for everyone over the age of 18. The country has a parliamentary constitutional democracy and is directed by an elected prime minister. Belize is the only Central American country which is a member of the Commonwealth with Queen Elizabeth II as head of state, represented by a Governor General.
  • The service sector of the economy has accounted for the largest share of the GDP since the early 1980s, when it surpassed the agriculture, forestry, and fishing sectors. Nearly one-half of the labor force and the GDP are sustained by services. Tourism became a major source of foreign exchange as the industry expanded rapidly in the 1990s, and the number of visitors increased fivefold from the late 1990s to the mid-2000s. Fishing, boating, swimming, and diving along the Belize Barrier Reef are popular, and ecotourism in the interior has grown. The Belize dry season occurs from December through May and is high season for travel and cruising.
  • English is the official language of Belize and many Belizeans also speak Spanish. The nation’s lingua franca is an English-based dialect called Kriol.
  • Belize’s 8,867 square miles—around the size of Massachusetts—are protected by the Belize Barrier Reef. This reef and hundreds of islands within it make the country a world class destination for fishing, SCUBA diving, snorkeling and sailing. Inland adventures include hiking, river tubing, ziplining and exploration of dozens of ancient Maya archaeological sites.
FOR MORE DETAILS CONTACT
L K Eric Prevette
Managing Director
(949) 999-3316
lkep@luxuryhoteladvisors.com
Lic: California License #01136632
Carlos Lopes
Managing Director
(310) 600-2161
clopes@luxuryhoteladvisors.com
Teresa Holden
Managing Director
(949) 999-3316
tholden@luxuryhoteladvisors.com
Stephane Zaharia
Managing Director, Caribbean & Latin America
(264) 235-2000
szaharia@luxuryhoteladvisors.com