TravelTalkOnline Forums Travel and Vacation Forums St. Maarten - St. Martin Toppers - take 2

May be business as usual, hope the workers will be ok.my understanding is he sold/lost the land in Beacon Hill as well that he tried to pull a fast one and build condos on. Probably the only restaurant I won’t step foot in in SXM.

WOW!

The fact that there is a reserved price means the Owner is willing to sell, but only if you pay the $6,500,000 pricetag. Don't be surprised if it does not sell.

I should add, the Owner can sell for less but is not obligated to if they don't get the $6,500,000 or more asking bid price.

It’s the Bank because the original Owner already sold this to Toppers .

So, what happens if it doesn't sell? Business as usual in the restaurant until it does?

5 years ago this article was in TheDailyHerald
https://www.thedailyherald.sx/islan...-topper-s-distillery-topper-s-restaurant

The previous owner Diego sold in 2020 and died in 2023. Sad

Kim--what date was that in the paper, do you know? I was trying to find it and couldn't find it.

I've never been a huge fan of his. Glad he got stopped in Beacon Hill, as that was wrong.

Here's the link to Mingo's website. https://www.notarymingo.com

My cowboy math:
At $6.5 million, with a 6.5% interest rate which on this type of property is probably reasonable to a person that has the money to begin. Only a 25 year remaining right to lease. You would have to allow for about $43k per month plus insurance and any taxes (not sure how commercial property works on SXM). Good luck making those payments, I don't see how that investment would make any sense for anybody. That nut isn't going to able to be paid in high season, let alone low season.

I think about one third that is getting closer to having a chance, not even sure at that.

Went once years ago at what was Banana's with in a year or so of the change, knew leaving we would not be back, never went back.

Is Topper's rum still running?

Today’s Daily Herald

Nothing here.

No link

It’s all on the notary page. Here is the link from the Herald that may have started the downfall.

Beacon Hill issue

In the middle pages

Scuba--It's in the full Daily Herald, not in the online version.

Yes. Just saw the link posted above and no mention of Toppers Restaurant being auctioned.

The link I posted is from 2021 - as I stated the start of the downfall. The notary link has all the information, and if you keep
Clicking it’s all there. And I posted a picture from the paper that was posted by an Islander on Facebook. Online version doesn’t always post the entire paper unfortunately.

Scuba--as I said above, it's in the FULL ONLINE VERSION, not the free version.

Ditto asked above, “what about the Rum Business?”. Mocha Momma is really good stuff and can be bought at Total Wine in the states

Aren’t the condos already built but not finished? What, are they going to tear them down?

The project property next to D’Bar on White Sands has been re-taken by the original Owner who is our friend from way back .

Tim--I'm talking about a different property in Beacon Hill, which he purchased and planned to also build 5 story condos on, even though it was zoned for single family houses, and which would have caused severe disruption to the area, including blocking the view of many homes. Some shenanigans went on with permits, etc., until it was stopped. Hopefully for good.

The other condos on White Sands Road, not sure if they are occupied or not.