The five-star, $300-million development comprises 172 fullyfurnished luxury units including oceanfront villas, townhouses,condominiums, and a 90-room hotel. Resort amenities will include afull-service spa, restaurants and bars, three infinity edge poolsand tennis courts.
"Due to the tremendous amount of capital available in themarketplace, we were able to obtain non-recourse constructionfinancing proposals from multiple institutional lenders," saysDavid Sonnenblick. "The borrower decided to pursue a financing thathad no syndication contingencies and could close in less than 45days."
The Anguilla Resort is Kor's first overseas exportation of theViceroy signature design and services and its first expansion intothe growing industry of mixed development resort-residentialscheme.s Construction is due to be completed in 2008.
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