VIRGIN GORDA, British Virgin Islands -- The former Old Yard Inn,
demolished last year to make room for an updated guest room and
apartment complex, will contain 77 studio, one-, two- and
three-bedroom apartment units when completed next year.
Carol Kaufman, owner/director of sales, decided to sell the land
on which the former property sat and "start from scratch. Land
values are skyrocketing in the B.V.I., but my business was not
bringing me an adequate return. The units were outdated, had no
kitchens. I went to a developer, we formed a partnership and I have
sold 35 apartments thus far."
More than 75% of the units will be in the rental pool; Kaufman
said rates will be "moderately priced and the facilities geared to
families and extended-family groups."
Rates at the property, now called the Olde Yard Village, will
range from $1,800 a week for a studio or one-bedroom unit in the
summer season to $3,000 per week for a three-bedroom unit during
the Christmas holiday. Commission will be 15%.
Each unit will have a fully equipped kitchen and maid service;
facilities will include meetings facilities for groups up to 60;
tennis and squash courts; two pools; boutique shops; a laundromat;
and Giorgio's poolside restaurant.
For details, visit www.oldeyardvillage.com or call (800)
To contact reporter Gay Nagle Myers, send e-mail to [email protected].