Luciano (Lu) Galasso

The following was an article published in Newsblaze.com on September 24,2009 in regards to the progress of the New Marriott branded residence project:

BASSETERRE, St. Kitts and Nevis (EWORLDWIRE) Sep 24, 2009

Royal St. Kitts Beach Resort Ltd. (”the Developer”) commemorated today the next step in the development of the Marriott Residences, St. Kitts, a whole ownership/residential project for which Century 21 Island Realty has been named as the exclusive sales agent, with the demolition of an unfinished building/structure on the property. The event marks the progress towards a new 30-acre, multi-phase project that will be integrated with the existing St. Kitts Marriott Resort.

Royal St. Kitts Beach Resort Ltd., which is currently the single largest private investor in the tourism industry in St. Kitts, through its affiliate, secured the licensing for the Marriott Residences, St. Kitts, from Marriott International earlier this year. The branding acknowledges the confidence that Royal St. Kitts Beach Resort Ltd. and Century 21 Island Realty have in the Federation of St. Kitts and Nevis, and in its people. Each phase of the proposed development will comprise a stand-alone building of approximately 100,000 square-feet, offering a variety of floor plans – from studio units of 700 square-feet to a four-bedroom penthouse of 3,500 square-feet.

“We are pleased to mark the next step in the progress of the development of the Marriott Residences, St. Kitts with the demolition of an unfinished structure on the property,” stated Mr. Lu Galasso, who spoke on behalf of Vic De Zen and his partners. “This proposed project is a natural extension to the existing St. Kitts Marriott Resort and the Royal Beach Casino. The St. Kitts traveler will have access to a full scope of Marriott-branded products in one complex, ranging from a short stay of several nights at the hotel, to timeshare, to whole ownership.”

The Developer is also pleased to announce that a member of the world’s largest real estate sales company, Century 21 Island Realty, is on board to handle the sales and marketing of The Residences. Mr. Nigel Rawlins, country manager, Century 21 Island Realty, stated, “Many dream of owning a home in the Caribbean, and the Marriott Residences St. Kitts is the ideal choice. St. Kitts offers great value in square-foot pricing, spellbinding beaches, rich rainforest, exciting nightlife, peace, tranquility and a relaxed pace. We also have great weather, direct flights from all major markets worldwide, duty-free shopping, available Economic Citizenship with the purchase of a residence, attractive tax advantages and most importantly a rich history and stable democratic government. It also helps that the country has been rated one of the top ten locations in the world to own a second home.”

Mr. Daunesh Alcott, head broker, Century 21 Island Realty, stated, “The Marriott Residences St.Kitts is the most exciting whole ownership project in the northeast Caribbean and a fantastic opportunity. We are offering competitively priced one, two, three or four (Penthouse) bedroom condominiums with golf course or ocean views. Residence owners may enjoy the convenience of the St. Kitts Marriott Resort, which is rich in amenities including a variety of restaurant experiences and themed lounges, three pools, full-service spa and fitness center, tennis courts, concierge services, in-residence dining, retail area, and a casino. Add access to Royal St Kitts Golf Course on-site and a beautiful beach, and owners will have the perfect resort residence to call ‘home’.”

For more information on the Marriott Residences St. Kitts, visit MrStKitts.com “> or call Century 21 Island Realty (869) 466-8000.

ABOUT ROYAL ST. KITTS BEACH RESORT LTD

Royal St. Kitts Beach Resort Ltd. is developer and owner of the St. Kitts Marriott Resort & Royal Beach Casino. The resort and casino offer an unparalleled island vacation experience including luxury guest rooms trimmed with West Indian accents and cutting-edge comforts. That same Caribbean flavor sets the tone in the resort’s eight restaurants and three lounges.

For those who enjoy games of chance, the resort offers the 35,000 square-foot Royal Beach Casino, one of the largest and most luxurious in the Caribbean. The Emerald Mist Spa includes men’s and women’s saunas, hot and cold tubs, and relaxation lounges. The resort also boasts a championship course at the Royal St Kitts Golf Club.

Whether guests are hitting the links or splitting aces, easing their mind and spirit or pleasing their palate, they seem to find just what they need from an inspiring St. Kitts vacation at the St. Kitts Marriott Resort & Royal Beach Casino.

CENTURY 21 ISLAND REALTY

Century 21 Island Realty provides real estate services for St. Martin, St.Maarten, St. Kitts, Nevis, Saba, Statia, and Anguilla. Whether a first-time buyer or experienced real estate investor, Century 21 Island Realty has the information everyone needs on home buying, home selling, financing, and owning real estate in the islands in the Dutch West Indies, French West Indies, British West Indies, and the Netherlands Antilles. For more information, visit Century21IslandRealty.com “>.

ABOUT CENTURY 21

Century 21 Real Estate LLC “> is the franchisor of the world’s largest residential real estate sales organization, providing comprehensive training, management, administrative and marketing support for the CENTURY 21 System. The System is comprised of more than 9,000 independently owned and operated franchised broker offices in 64 countries and territories worldwide. Century 21 Real Estate LLC is a subsidiary of Reality Corporation, a global provider of real estate and relocation services.

This article was taken from www.nevisblog.com and discusses Luciano (Lu) Galasso’s involvement with the project, the benefits of this project for St. Kitts and outlines the development itself.

Century 21 To Market St. Kitts Marriott Condominiums

Century 21 Group Signs Agreement With Marriott
Photo By Erasmus Williams

Basseterre, St. Kitts

Resort Acquisitions and Developments Ltd, owners of the former Angelus Property, has signed a Residential Marketing License agreement with Marriott Worldwide Corporation thereby branding the new project as the “The St. Kitts Marriott Condominiums.”

The first phase of the project, at a cost of which will cost US$125 million, will see the construction of four buildings comprising 270 units on the 10-acre site of the former Angelus Resort. The company also owns an additional 12 acres adjacent to the St. Kitts Marriott Beach Resort and Royal Beach Casino, the Marriott Vacations Club and the Royal St. Kitts Golf Course.

“This branding indicates the ongoing confidence of the Marriott Organization in the people and Government of the St. Kitts and Nevis as it continues to support the development on the Island of St. Kitts,” the company said in a statement following the signing of the agreement with Century 21 Island Reality on Wednesday.

According to the statement, it allows the existing Marriott Resort complex to be complimented with a whole ownership component as having a whole ownership product, together with a hotel, and the Marriott Vacation Club’s fractional ownership component, will allow the St. Kitts Marriott Resort and The Royal Beach Casino to compete on a worldwide basis.

Although they have several offices throughout the North Eastern Caribbean, Century 21 Island Realty is a new member of the St. Kitts business community, having recently opened an office in Port Zante.

“We welcome them and wish them great success on St. Kitts and with the St. Kitts Marriott Condominiums,” said the statement.

President of Operations at Century 21, Mr. Daunesh Alcott, who signed on behalf of the company expressed excitement with the investor-friendly climate in St. Kitts and the development projects that are moving full steam ahead.

The Marriot Condominiums, with all of its already-built amenities and impeccable reputation, will certainly be one of the most sought after residences for buyers who wish to live or invest in St. Kitts.  I also believe that having the largest real estate company in the world, Century 21, affiliated with the Marriott Condominiums will be great for both organizations,” said Alcott.

He added that it will provide potential buyers with an extra level of comfort and security when purchasing these great new condos.”

Century 21 Country Manager, Kittitian-born Mr. Nigel Rawlins said both companies have a long and storied tradition, and consumers recognize both brand names worldwide.

“We are putting the finishing touches on the website and collateral materials and look forward to releasing more information about this great project shortly.”

Lu Galasso, who signed on behalf of the St. Kitts Marriott Condominiums, expressed thanks on behalf of Mr. Vic De Zen, acknowledged that the expansion of the existing Resort with the whole ownership product, The St. Kitts Marriott Condominiums, will complete the product offering at the Resort.

Mr. De Zen and his partners are the largest single investors in the tourism industry in St. Kitts, and this new development reiterates their commitment to the expansion of the tourism industry in the Federation.

The first phase of this expansion will encompass 10 acres of the former Angelus property and the development cost is estimated to be in excess of US$125,000,000.

Witnessing the signing ceremony were St. Kitts and Nevis Prime Minister and Minister of Tourism, Hon. Dr. Denzil L. Douglas; Attorney General and Minister of Justice and Legal Affairs, Dr. the Hon. Dennis Merchant; Chief Secretary, Mr. Joseph Edmeade and Mr. Gino Minicucci of Royal Beach Development.