|Altamer Resort in Anguilla will be completely renovated by new owners, Time Equities Inc.|
Time Equities Inc. recently announced that the company has acquired Altamer Resort in Shoal Bay West, Anguilla.
The boutique resort, designed by architect Myron Goldfinger, comprises three luxurious beachfront villas, a conference center, a beachfront restaurant space, as well as 42 acres of undeveloped land and the rights to develop a marina adjacent to the property.
Led by developer Francis Greenburger, a frequent visitor to Anguilla for more than 15 years, Time Equities plans to renovate, refurbish and reposition the existing villas, which total nearly 40,000 square feet. Altamer will continue to be managed by the existing Anguilla-based team, led by Carl Irish, and will remain available for rent as individual villas or altogether for both private and corporate stays and events.
In addition, Time Equities plans to convert the former restaurant space into an additional four-bedroom villa, renovate and upgrade the conference center and launch a new website for the resort. The New York-based firm will also begin searching for a joint venture partner to develop and operate a marina adjacent to the site.