Portofino Resort- Now with a new BEACH BAR!!
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#346599 - 07/29/09 10:31 AM Exotic Caye
belizelaw Offline
Does anyone know if any of the units are separately owned? Or is the entire resort owned by one owner?

#346746 - 07/30/09 05:54 PM Re: Exotic Caye [Re: belizelaw]
Tom Offline
Yes, I do know the answer to that question.
At the moment there are 4 units that are separately owned by idividuals but in the Agreement of Sale of these units we agreed to be a part of the rental pool and are given a percentage of the actual rentals. We are not allowed to rent them out except through the resort. How ever we are granted 8 weeks of occupation of our units. Some of us carry our own insurance on our units. I do not believe the resort is interested in selling any of the remaining units as they were not the original owners when the units were sold and I think they have some alternative plans for the property some where down the line.
The resort does have new General Managers that are just comming on board.


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