For Sale: Anguilla's Cap Juluca on the Auction Block

Anguilla's, if not one of the world's, most luxurious hotels is up for sale. The greater part of the real estate comprising the Cap Juluca resort will be sold at a public auction May 2, 2012. The auction will take place as part of a restructuring process toward debt obligations owed to the original developer. Average daily rates at the 95-room resort hover at around $900. "The opportunity to buy a world-renowned property of this quality and distinction is very rare," said David Kaufman, principal of real-estate auctioneer DK Realty Partners. "I fully expect Cap Juluca to draw strong interest from qualified investors around the world."

Due to a default on payments under terms of a settlement agreement between the current owner of the asset and Charles Hickox, the original developer of the property, the real estate assets are being sold at a public auction pursuant to Anguilla law. We hear the auction will have no effect on the operations of the hotel and a smooth transition is planned.

Cap Juluca is located on 179 acres, steps from Maundays Bay Beach. Amenities include a golf driving range, lawn croquet, swimming pool, library and tennis courts as well as water sports, including snorkeling, wind surfing, water skiing and sailing. Cap Juluca's guests also have access to Anguilla's Greg Norman designed 18-hole Championship Golf Course.