New Owners Buy Sugar Bay Club & Resort for $20 Million | News

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ST. THOMAS – Following damage from Hurricanes Irma and Maria in 2017, the Sugar Bay Club & Resort Corp. has struggled to re-open but appears to be a move to re-open according to information obtained from the Recorder of Deeds division under the Office of the Lieutenant Governor.

A security deed filed with the St. Thomas Recorder of Deeds on February 8 indicates the property is under new ownership, having been sold for $20 million to DV USVI Investment Group LLLP.

Once a bustling haven for travelers, like other resorts and hotels in the Virgin Islands, Sugar Bay has been ravaged by storms and unable to generate revenue. Ultimately, this led to a lien being placed on the station in May 2018 by the VI Bureau of Internal Revenue, according to information filed with the division.

The lien reveals that an unpaid balance owed by Sugar Bay Club & Resort Corp. was nearly $1 million at the time of the sale.

However, all previous taxes due on the property have been paid in accordance with Property Tax Clearance Certificates signed by Property Tax Collector Brent Leerdam and dated February 8, 2022. The property is divided into four parcels: Plots No. 2A, 2B and 2C Smith Bay Estate which are each approximately half an acre and Parcel #2 Rest Smith Bay Estate which is over 30 acres.

Whispers began circulating about the station’s status earlier this week, after social media posts began announcing the liquidation of all furniture at the station.

According to the publications, the “exploded sale” will take place from 7:30 a.m. to 4 p.m. Saturday, and the public is invited to make cash offers on everything from headboards to coffee tables.

The resort once had a huge swimming pool built near a rocky landscape to look like a waterfall. The area included one of the resort’s most popular restaurants which served buffet meals and had entertainment through the weekend. The hotel was frequently booked by locals for brunches, weddings, and graduation celebrations and served as a premier business location for government meetings and conferences that included overnight stays and catered conference meals.

Although the stand at the gate was busy on Thursday, the entrance to the station featured dilapidated signage, a 10-foot-tall leaning fence and private property warning the public to stay off the premises.

Calls from the Daily News to DV USVI Investment Group LLLP to inquire about plans for the property were not returned at press time this morning.

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