Marriott Is Coming to Belize!
Internationally renowned hotel chain Marriott has announced that it will be building its first hotel in Belize. In partnership with developer Andrew Ashcroft, Marriott will be adding a new property to its signature Autograph Collection hotels with a brand-new hotel that is scheduled to open in 2020.
According to the press release from Marriott, the boutique hotel will be named “Alaia” and will be located in Ambergris Caye. Construction on the new hotel has already begun, and it is expected that Alaia will have eight villas, 35 rooms, and 56 condominiums when it is completed.
The arrival of such a prestigious hotel chain is a clear sign that the tourism market in Belize will continue to grow. In 2017, Belize experienced double-digit increases in overnight visitor numbers compared to the year before, and the numbers are on track for 2018 to be another banner year.
Along with the rise in tourist numbers is a boom in real estate. Many savvy investors are purchasing properties in prime locations in order to take advantage of the burgeoning rental market. Belize places no restrictions on foreigners buying and renting property. Properties near Ambergris Caye and other top locations have become enormously profitable as either long-term rental properties or short-term AirBNB-style rentals.
Marriott’s entry in the red-hot Belize market comes on the heels of several major airlines adding new non-stop routes to country. In the past year alone, Air Canada (the world’s eighth-largest airline) has begun flying to Belize, and Southwest Airlines has added three routes from American cities to Belize. There are also plans to expand the airport on Ambergris Caye to accommodate international flights.
One of the best places to buy real estate in Belize is the community of Orchid Bay. Located in northern Belize just across the water from Ambergris Caye, Orchid Bay is a master-planned, gated community offering a full range of modern infrastructure in a beautiful, Caribbean setting.
Orchid Bay has completed homes for sale as well as a number of waterfront and beachfront lots for sale at very advantageous prices. Orchid Bay also conducts buyer’s tours for individuals interested in learning more about life in Belize and buying property in the country. Orchid Bay’s buyers’ tours also include a visit to Ambergris Caye and detailed information on the laws and regulations involved in buying, renting, and selling property in Belize.
If you’d like to learn more about living in Belize and buying property in this beautiful country, contact Orchid Bay today.