THE ADDRESS Magazine Summer 2014 - Page 43

estates. A select number of 1- and 2-bedroom hotel residences are now available for sale at the well-known boutique hotel. The specific location of each residence has been carefully selected to maximise the stunning, unobstructed views of Condor Mountain in the distance, along with forests, valley and rolling hills. The fine residences combine the elegance of traditional style and colonial Old World charm, creating a sophisticated yet unpretentious relaxed environment. Each luxuriously appointed residence will face the beautiful sunsets, which can be enjoyed from its own terrace or private plunge pool. All residences will be situated in an area not far from the existing hotel, yet far enough away to ensure privacy. Each residence will be placed in the hotel rental pool with revenue shared 50/50. With current average daily rates of USD600, the reputation of the boutique hotel will generate attractive rental income for investors. Based on a 50% occupancy rate, annual yields are expected to be 9.2% for the 1-bedroom residences and 10.1% for the 2-bedroom residences. Each owner is entitled to four weeks personal use per year. This can also be used at the hotel’s sister beachfront property in Placencia, Belize, or at a stylish jungle retreat in Cayo Rainforest, Belize. A maximum of 23 1-bedroom hotel residences and two 2-bedroom hotel residences will be constructed in two phases. For those in search of their dream hideaway, the homesites provide a rare opportunity to build a fabulous, bespoke vacation home. Impressively, all homesites are situated on a minimum of 2.5 acres. The homes are to be built to the owners’ individual taste, design and specifications. The custom houses can be maintained by the experienced hotel management company. For the discerning few who seek the very best, the grand estates provide a unique, limited-edition lifestyle reserved for only 23 privileged families. Located in an exclusive and private setting, the luxuriously modern homes are located throughout the property. Designed to offer a no-compromise luxury lifestyle, the residences offer investors several unique floorplans. Conversely, owners may design their own home. Set high in the Sierras Chicas, which lie to the north of Córdoba, the property was once a working cattle ranch. Now a luxury retreat, the boutique hotel is housed inside a 100-year-old estancia. Beautifully transformed and lovingly restored, the original structure and buildings, built by an English family in the early 20th century, have been preserved. Evoking nostalgia for frontier times, its interiors enhance the beauty and magnificence of the valley. The luxurious and comfortable bolthole remains true to its roots and its location, with its traditional Argentine estancia style. The gorgeous property also features exceptional home-cooked food and gracious service. The main building has a comfortable lounge with an array of interesting books and games on offer. From the lovely garden, www.theaddressmagazine.com 43