Hilton Grand Vacation

Crane Resort Barbados

Project

2017

Timeline

Property Condition Assessments

Service Provided

Background

Hilton Grand Vacation (HGV) is worldwide fractional ownership company that provides unique vacation ownership opportunities both in the United States and Internationally. They sought KMI’s Property Condition Assessment Services as part of their decision on whether or not the property could meet HGV standards and be umbrellaed by the brand.

The Crane Resort in Barbados (The Crane) features:

10 Guest Unit Buildings
Eight Common Area Buildings
Four Service Area Buildings
Five Restaurants/Bars
Two Pools
A Spa and Fitness Center

In addition, one of the best beaches in the Caribbean with well-manicured landscape that allows guests to truly relax. As with many Caribbean resorts, they have their own power plant, reverse osmosis plant for water supply, and wastewater treatment plant for sanitary sewer.

KMI focused on eight guest unit buildings in our assessment of the property, as well as Crane Village, which included the resort amenities and infrastructure facilities. The site area we reviewed encompassed approximately 27 acres of the overall parcel of land.

20+ years

KMI has provided property condition assessments on properties throughout the Caribbean for over 20 years.

KMI has provided property condition assessments for Hilton Grand Vacation since 2011.

Challenge

There are unique challenges that come with assessment of major resorts in the Caribbean. Resorts in the Caribbean typically need to not only provide a high-end experience for their guests, with all of the latest amenities and finishes, but they also need to be a standalone (off the grid) small city, in a sense. The Crane Resort in Barbados met all these categories with great amenities, stunning views, quality finishes, and vast infrastructure.

The team reviewed both the key site infrastructure developments and the site improvements to the resort that are utilized by the guest.

Solution

KMI put together a team of experienced engineers with key estimators/property condition assessors to review the property in detail, in accordance with HGV standards, and provided a 626-page report that detailed the condition of all key elements on the property. KMI led a collaborative team that included structural engineers, mechanical engineers, civil engineers, wastewater treatment and reverse osmosis plant engineers, power generation engineers, and swimming pool experts to fully assess the property. The team consisted of ten individuals, including both stateside experts and Barbadian experts to fully assess the property.

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