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Jamaica News - Real Estate - Tourism (February 15, 2005)
Jamaica's Renaissance Leads to First Luxury Beachfront Residential Community
Rose Hall Developments and the Resort Properties Group announced plans today for The Palmyra Resort & Spa at Rose Hall, the first luxury beachfront condo hotel in Jamaica, leading the island's renaissance. Located next to the Ritz-Carlton(R) on 16 acres of pristine waterfront land in Montego Bay, The Palmyra offers unparalleled indulgence in a quaint village setting. According to CNN, tourism throughout the Caribbean is expected to increase 44 percent in 2005, offering The Palmyra's residents a real estate investment that is sure to appreciate as Jamaica regains its stature as a sought after destination. Residents of The Palmyra will experience island-style luxury living, privileged access to three internationally-acclaimed golf courses, the White Witch, Cinnamon Hill and Half Moon, and five-star amenities including The Palmyra ESPA, a signature spa by award-winning designer Susan Harmsworth.

Bringing The Palmyra to life is Rose Hall Developments, the company that masterfully planned the 7,000-acre community of Rose Hall Plantation, in partnership with the Resort Properties Group, a highly-respected development company with more than 20 years of expertise in creating international luxury communities in Europe. The Rollins family, owner of Rose Hall Developments, can be credited with catalyzing Jamaica's revival, attracting public and private investments, and improving the island through restoration, philanthropy and infrastructure. Michele Rollins, attorney and former Miss USA, oversees the development of the family's treasured land bought in the 1970s by late American philanthropist John Rollins Sr.

The Palmyra will stretch along one-half mile of Caribbean ocean and includes exclusive access to the resort for second home owners and tourists looking for a luxury condo rental opportunity. The real estate offering includes 26 villas, with prices from $1.6 to $2 million for 2,528 square feet, and 504 one-, two- and three-bedroom condominium units from 716 to 2,181 square feet with prices from the mid $300s to $1.9 million for a penthouse unit. Groundbreaking for the first phase of development, consisting of two condo buildings, The Palmyra ESPA, infinity pool and beach is set for spring 2005, with the project reaching completion in late 2006.

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