Barbados Bails Out Four Seasons Project
The project has attracted celebrity buyers including Simon Cowell and Andrew Lloyd Webber. Construction of the project stopped a year ago and debts began to mount on the property. The project calls for 36 luxury villas and a Four Seasons hotel. All the villas also offer services of butlers and other staff from the Four Seasons hotel whenever the villa owners are in residence. The villas will be outfitted with the finest finishes and antiques sourced form around the world. About half of the villas have been sold at prices from $11 million to $18 million apiece. The Four Seasons website proclaims that Paradise Beach Limited will recommence construction on site before the end of first quarter of 2010 and that the overall development master plan and the original hotel layout will both be revised to provide optimum use of the land but keeping all of the original facilities. The developers are still charged with finding another 19 buyers ready to pay high prices for the villas in order to complete the project and at least for Barbados' sake we hope they find them.