According to the website Hotel Management the resort hotel brand Margaritaville is developing a new property on Ambergris Caye. Our sources indicate that this new deveolpment will take place at the old Sueno del Mar property located about 12 miles in North Ambergris Caye; the development had been foreclosed by Belize Bank.
The report stated that Rick Cunningham, VP of hotel development at Margaritaville, told HM that his company took over construction of a previously abandoned development on Ambergris Caye’s north shore and is repositioning it as a Margaritaville resort, utilizing the site’s seven existing buildings that reportedly were under development as a hotel. The VP could not confirm the number of guestrooms that would be finessed out of the existing structures.
Cunningham added Margaritaville will be expanding the resort’s footprint by building two more structures consisting of 71 residential condominium units, with an overall opening date for some time in 2020. The one- and two-bedroom residences will feature verandas, furnished kitchens and other amenities.
According to HM the project began roughly 10 months ago, and the decision to commence development was made after visiting the site. The property is primarily accessible by boat via the island’s 400-foot pier. Cunningham referred to the development as “phase one” of the resort’s life cycle, suggesting Margaritaville plans on expanding the property’s stable of rooms and residences based on demand. (Click Here to Read the Full Story on Hotel Management’s Website)