TravelTalkOnline Forums Travel and Vacation Forums St. Maarten - St. Martin Belair sale fails

Sale of the Belair Beach Hotel that was said to be with a Miami investor has fallen through, leaving many to wonder what's next?

Yes. I posted that a couple of days ago on the other Belair thread.

Tom--do you have any idea why it failed?

I wonder if they are having bank or money issues that has forced a sale? Certainly a new owner could be better but you can bet it will come at a big cost for the timeshare owner as no buyer / investor is going to put money to improve without getting it back from those that will benefit from it. Most of those TS "owners" bought long ago and at good prices and hopefully have gotten good use over the years. Just hope when it sells the buyer will fairly recognize the rights of the timeshare owners. lots of questions.

I don't know what happened to cause the sale to fail but will pass along that info when it is announced. Most that are familiar with the Belair are very eager to get information on what is going to happen. The Harris family that currently owns the Belair were originally attornies in New York. Thgey are now based in Florida. Belair has long been described as a "small (72 apartments) resort, with dedicated staff, great location and security, but dated". The current owners made many promises to upgrade the apartments and infrastructure but failed to deliver. I think Timeshare Maintenance fees are now $1450/week. We were fortunate to sell our timeshares before Irma but have returned renting timeshare weeks from current TS owners. 2024 saw complete failure of both air conditioning and hot water systems that closed the resort for some time until some repairs could be made.