Search
 

Throgmartin Plans 1,250-Acre Eco-Resort on US Virgin Island

FREDERICKSTED, ST. CROIX-The Florida-based developer plans to develop three hotels, one with a casino and convention center, on 1,250 acres adjacent to the Carambola Beach Resort on the island's west end.

By Brian K. Miller | Updated on December 14, 2005

FREDERICKSTED, ST. CROIX-Throgmartin of Florida is planning a 1,250-acre eco-resort on the mountainous west end of St. Croix, the largest of the US Virgin Islands. The land for the project was acquired in November from the developer of Carambola, an adjacent resort.

A source at Throgmartin tells GlobeSt.com that the project calls for up to 1,000 rooms in three hotels to be developed over the next 15 years. Each hotel will have its own beach, and units in one or more of the hotels could end up as fractional ownership properties.

One hotel is envisioned as an all-inclusive beach resort, another is slated to be a very high-end boutique. The third hotel will fall somewhere in between the first two and will have a casino and a convention center, according to the source.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.