The Crane’s residences are grand in scale, ranging from over 800 to over 4,000 square feet; larger, more spacious than the average hotel room or holiday residence – with almost half featuring feature large private swimming pools and tropical gardens.
The Crane has consistently earned the AAA Four-Diamonds award (given to the top 4.2% of 31,000 resorts worldwide) for dedication to improving product and service quality, innovation, creativity and extraordinary business results.
The property features world-class luxury finishes, resort amenities and services; including five restaurants, a multi-level pool complex, full service spa, duty-free shopping, and wellness facilities. Exceptional resort services round out the resort’s offering and include a full concierge desk, complimentary WIFI and VOIP long-distance calls, and full security.
The Crane is able to dramatically reduce our initial development costs by designing and constructing all residences and amenities in-house. Our in-house team and resources include a full architectural and construction team. We bypass expensive third party suppliers and employing over 400 employees who are responsible for all aspects of resort operations including security, laundry, landscaping and appliance and TV repairs.
Economies of Scale for Ongoing Costs
Post development, The Crane benefits from extensive cost savings from buying in bulk or direct from suppliers.
Owners also benefit from Crane Resorts’ participation in the Tourism Development Act, where investors in tourism projects benefit from write off-of capital expenditure and 150% of interest. There is also exemption from import duty, value added tax and environmental levy in respect of furniture, fixtures and equipment as well as building materials, supplies and equity financing.
Combined with lowered costs, in order to maximize revenue, owners of The Crane Residences benefit from the resort’s 20+ years of sales and marketing expertise and proven rental success. The Crane provides all the necessary services and support to rent out your residence, including facilitating the booking and guest stay. The resort works with over 150 tour operators worldwide, sourcing customers from all of Barbados’ major markets, and directly through its online booking engine.
Caribbean Tourism Investment Management Inc (CTIM Inc.) was established in 1992 and through a focused and dedicated management team it has grown to become one of the most respected names in the Real Estate Barbados and Tourism and Investment Sector in Barbados and the wider Caribbean.