It will come some day. Frankly, I'm surprised a Vegas type hotel hasn't come knocking yet to buy and renovate the property and launch a Caribbean casino type hotel. The potential windfall for a well capitalized buyer is huge. The asking price I believe is around $12 million, if you view what they are offering (condos, villas, retail space, and a potential casino license) is quite reasonable. However, I have no idea about debts or liens.

To put that in perspective, I think the villa next to the Sapphire is going for $6 to 10 million for just the land alone. Sapphire is all about location. Anything in Cupecoy is going to do well over the next decade as it gradually develops.

It does need work but I don't think it is as scary as it appears. It has good bones but a victim of improper leadership.

In regards to the court comment, from what I understand the intended buyers could not come up with the money to complete the sale so they are attempting an injunction to prevent the sale of the property to other potential buyers.
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