Quintessencia Capital is a luxury, boutique resort focused investment fund established by its general partner, Golden Springs Funds SCSp, a private real estate investment fund registered according to the laws of the Grand Duchy of Luxembourg. Golden Springs Funds place investment capital from our network of Limited Partners, generally HNW and UHNW family offices, pursuant and operating within the fund compliance requirements of our jurisdiction. Our regulated, off-shore investment platform provides the opportunity for accredited investors and family offices to access discounted real property values and position for value accretion due to current timing.
All of Quintessencia Capital’s governance and fund administrative functions are undertaken by Apex Group Ltd., a leading international provider of such services to the world’s top private equity firms with some $1 trillion in assets serviced and ranking in the top 5 globally. In the resort and hospitality industry Apex serves private equity funds including Starwood Capital, KKR, Apollo, Blackrock, amongst others.
There is currently no income or capital gains tax imposed by the Cayman Islands government which will apply to distributions to investors in a Cayman exempted limited partnership. Quintessencia Capital LP, as an exempted limited partnership holds a fifty (50) year tax exemption on its profits, income, gains or appreciations within the limited partnership. This includes that of any partner, in respect of the operations and assets of Quintessencia Capital and the interests of any partner including inheritance considerations and their estate. For the Cayman Islands the context of the proposed global minimum tax and corporate tax reform is only relevant to parent companies having Cayman subsidiaries.
Application of capital is distributed across a portfolio of geographies. Diversification of applied capital minimizes market risk and maximizes cash flow leveraging the individual attributes of each individual resort in terms of the variety of source markets, peak and off-peak seasonality, occupancy and ADR, and real estate sales for the benefit of the overall portfolio.
All of our resort real estate for sale is provided with participation in a resort's rental pool allowing resort home owners to gain access to investment returns covering all of their personal use and carrying costs. The cash flow positive nature of the vacation home purchase at reasonable market rates allows sales velocity and absorption to be maximized.
The nature of our resort developments are low density and low rise creating intimate experiential resorts. This approach allows us to complete the construction activities of resort services, accommodations, and closing of our real estate for sale in 12 - 18 months. Completing construction in an efficient, short time frame enhances cash flows and reduces risk should market conditions change.
Proceeds from the sale of the resort real estate are used to eliminate debt as well as return equity principal amounts to our partners. A debt free balance sheet reduces financing risk and cost while inherently raising the equity value of each resort.
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