CaribPR Wire

CARIBPR WIRE, MIAMI BEACH, FLORIDA, Thurs. December 18, 2025: The Setai Hotels, one of the world’s most celebrated names in luxury hospitality and Toronto-based Altree Developments, a leader in international real estate, today announced a strategic partnership and the next chapter in its global expansion.

Vie L’Ven is evolving into its next chapter through a new partnership with The Setai, the globally celebrated hospitality brand known for its refined approach to service and design. The primary hotel will now debut as The Setai St. Maarten, a luxurious 205-key and private villas set along the pristine shores of Indigo Bay. This collaboration marks The Setai’s highly anticipated Caribbean debut and a major step in the brand’s continued growing international portfolio. Expanding beyond its established destinations in the U.S. and the Middle East, this partnership brings together The Setai’s legacy of refined hospitality with Altree’s vision for world-class residential development, merging two forces known for excellence in design, service and craftsmanship. Construction is underway, with completion expected for 2028.

​​“We are thrilled to bring The Setai to the shores of St. Maarten, a destination that perfectly complements our vision of timeless luxury and cultural inspiration,” said the Nakash Family, owners of The Setai. “This project marks an exciting next chapter for our brand as we continue to grow globally, always guided by the principles of authenticity, sophistication, and unparalleled guest experience.”

Committed to redefining Caribbean luxury, the concept for The Setai St. Maarten has been brought to life by renowned partners Studio Munge, HKS Architects and Leading Hotels of The World, all of whom have been recognized globally for their dedication to creating world-class properties.

The Resort offerings will remain anchored with signature amenities that will include a beach club with dedicated cabanas and butler service, a Les Clefs d’Or concierge team, three pools, including an adults-only oasis, a 30,000 square foot Destination Spa, tennis and pickleball courts, on-beach water sports, a children’s playroom, childcare programs and access to a protected nature reserve.

Extending this same standard of excellence to its culinary program, the resort will feature five restaurant concepts, including Ocean Grill Beach Club and Jaya, both inspired by the acclaimed culinary concepts of The Setai, Miami Beach.

Zev Mandelbaum, President and CEO of Altree Developments, shared, “From the very beginning, our vision has been to create something extraordinary for the island. Teaming up with the Nakash family to bring The Setai’s first Caribbean property to life allows us to honor St. Maarten’s beauty and distinct character while shaping a new level of hospitality for the region.”

Blending The Setai’s renowned standard of luxury with the natural beauty of the Caribbean, the resort will feature both residential and hotel accommodations. The Setai St. Maarten will offer an array of spacious one to four-bedroom layouts, spanning from approximately 620 to over 2,000+ square feet and dual key residence options expanding up to 6,000 square feet.

The debut of The Setai St. Maarten marks a defining moment for the island, introducing a level of craftsmanship and service that will position St. Maarten among the world’s most distinguished luxury destinations.

For The Setai St. Maarten sales inquiries, contact Sales Representatives:

Anne-Wytske Hoekstra ([email protected])

Shirley van der Borden ([email protected])

You can also call +1-721-544-1545, visit thesetaistmaarten.com, or tour the model suite at the presentation gallery on Indigo Bay Boulevard, St. Maarten. You can find The Setai St. Maarten on Instagram and Facebook.

About Altree Developments

Altree Developments is a leader in the international real estate landscape, rooted in a 70-year multi-generational family legacy in the development industry. Under the visionary leadership of Zev Mandelbaum, Altree is redefining urban living by transforming strategic residential and commercial sites into leading destinations. With an admirable portfolio that includes ultra-luxury condominiums and expansive master-planned communities, Altree’s influence stretches across some of the most coveted addresses in Canada, America, and now, Saint Maarten. Driven by an unwavering commitment to innovation and luxury, Altree’s projects are designed to stand the test of time, offering unparalleled value and shaping the future of urban living. For more information, visit altreedevelopments.com.

About The Setai Hotels

The Setai Hotels is a collection of privately owned hotels that represent a vision of unprecedented luxury and service, with a calm and serene ambiance at the heart of each property. The hotels offer connectivity to their host cities while also creating a discreet escape and utmost privacy for its guests. Its Miami Beach flagship holds membership with The Leading Hotels of the World; is recognized as an AAA Five Diamond hotel and Michelin Guide Key holder; and has been awarded in the Condé Nast Traveler’s Readers’ Choice Awards, as well as by the coveted Forbes Travel Guide Five Star Award consecutively since 2015. In 2018, the brand introduced the luxury, sophistication and renowned service to Tel Aviv as a LHW hotel in the historic old Jaffa region, followed by a third location in the Sea of Galilee. Looking ahead, the Setai St. Maarten is anticipated to open in 2028 as a LHW property. For more information, visit thesetaihotel.com.

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FOR IMMEDIATE RELEASE

Vie L’Ven Resort & Residences Celebrates New Construction Milestones

Unveiling Exciting Progress and Exclusive Opportunities at the 280-Room Resort and Residences in St. Maarten

CARIBPR WIRE, TORONTO, Canada, Sept. 10, 2024: Six months after its market debut, Vie L’Ven Resort & Residences—a 280-room resort and residences that promises to redefine island living on the shores of Indigo Bay, St. Maarten—announces significant advancements in construction, with completion on target for high-season 2027/2028. These developments, coupled with the growing enthusiasm surrounding the project, reflect Vie L’Ven’s commitment to redefining St. Maarten’s hospitality landscape. In response to strong market demand, Vie L’Ven has introduced a price increase across all remaining residences, effective today. With rising interest and decreasing availability, potential buyers and investors are encouraged to act swiftly to secure their place in this serene Caribbean paradise. Sales, led by St. Maarten Sotheby’s International Realty, have reached a major milestone with the sellout of the Martin (M7) building. Kingfisher (M1) and Osprey (M5) buildings are also nearly sold out, and new inventory will be released soon at updated prices. Interested buyers are encouraged to secure a residence now to take advantage of expiring incentives and prices.

Vie L’Ven’s transition from concept to reality progresses with notable milestones in the construction phases. Key accomplishments include the completion of bulk excavation for foundations and a new parking facility for the on-site beach and beach bar restaurant. Groundbreaking for foundation work is set before the end of 2024, signaling significant progress toward bringing this luxury project to life. Vie L’Ven is collaborating with world-renowned partners, such as Michelin-starred Chef Alain Ducasse, Leading Hotels of the World, Biologique Recherche, and Tides, to elevate the resident experience with gourmet dining, bespoke wellness programs, and personalized concierge services. Additional on-property amenities will consist of a beach club, private cabanas, water sports, pickleball and tennis courts, VIP transfers, a state-of-the-art gym, lobby bar, pool bar and all-day dining, children’s playroom and pet-friendly areas. Guests will also have private yacht access between St. Maarten, Anguilla and St. Barths, making it the only yacht-friendly luxury resort in the Anguilla Bank. Curated by a team of world-renowned experts, including Studio Munge, HKS Architects, and Luxury Hotel Advisors, Vie L’Ven offers 280 residences with expansive layouts, oceanfront views, private balconies, terraces, intimate plunge pools, and high-style furnishings. With four distinct suite types ranging from 620 to over 2,000 square feet (58 to 186 square meters) and lock-off options expanding up to 6,000 square feet (557 square meters), prices start from the $900,000s. Vie L’Ven continues to enhance access to St. Maarten through new airline partnerships, further positioning it as a premier Caribbean destination. Don’t miss the chance to secure one of the luxury units. For sales inquiries and more information, please visit vielven.com or visit the presentation gallery on Indigo Bay Boulevard in Indigo Bay, St. Maarten.

About Altree Developments Altree Developments is a leader in the international real estate landscape, rooted in a 70-year multi-generational family legacy in the development industry. Under the visionary leadership of Zev Mandelbaum, Altree is redefining urban living by transforming strategic residential and commercial sites into leading destinations. With an admirable portfolio that includes ultra-luxury condominiums and expansive master-planned communities, Altree’s influence stretches across some of the most coveted addresses in Canada, America, and now, Saint Maarten. Driven by an unwavering commitment to innovation and luxury, Altree’s projects are designed to stand the test of time, offering unparalleled value, and shaping the future of urban living. For more information, visit altreedevelopments.com.

For sales inquiries and more information, please visit vielven.com or visit the presentation gallery on Indigo Bay Boulevard in Indigo Bay, St. Maarten.

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MEDIA CONTACT:

Ashley Goldstein

[email protected]

917.890.7940

Ashley Orfus

[email protected]

917.232.7349

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Leading NYC-based boutique financial advisory brings three decades of experience providing innovative solutions for the Caribbean’s
most pressing infrastructure challenges

CaribPR Wire, New York, NY , Mon. November 30, 2020: Standard International Group, a leading New York City-based boutique financial advisory firm with a focus on revitalizing critical infrastructure projects across the U.S. Municipal, Caribbean, and West Africa, announced the completion of $193M in financing for St. Maarten’s Princess Juliana International Airport (PJIAE) Terminal Reconstruction. André Wright, Executive Vice President of Standard International Group, made the announcement.

On behalf of St. Maarten and Princess Juliana International Airport, Mr. Wright advised on the $50M loan from The European Investment Bank (EIB) and $50M grant from The World Bank, for a total of $100M in investment capital combined with $22M from the Government of St. Maarten in the form of liquidity support. Mr. Wright also ensured the project received a maximum insurance claim payout of $71M by introducing Willis Towers Watson to serve as insurance advisory services provider.

Princess Juliana International Airport is among the busiest airports in the North Eastern Caribbean, serving St. Maarten, St. Martin, Saba, St. Eustatius, Anguilla, and St Barthélemy and is the engine of St. Maarten’s economy, serving over 1.8 million passengers and employing over 1,000 local residents each year.

Following the destruction from hurricane Irma, Princess Juliana International Airport required massive remediation and reconstruction. Standard International Group provided end-to-end advisory, from creating the financial models, structuring the plan of finance, liaising with current bondholders and providing rating agency advisory, with a vision of success and prosperity for this important project. The new airport design will feature security improvements and is expected to surpass its past performance. Terminal reconstruction is slated to commence in 2021.

For over 20 years, Standard International Group has worked collaboratively with St. Maarten leadership to create transformative solutions that improve the bottom line and local economy. During this period, Standard International Group has provided financial advisory for a variety of infrastructure advancements, including the original Princess Juliana International Airport transaction (2004), several financial advisory and capital raises for the St. Maarten electricity company (GEBE), cruise port facilities, shopping and real estate development, and other projects. With a long history of working with government leadership and multiple investment teams, Standard International Group was able to successfully complete these projects and ensure positive results for all stakeholders.

“Investing in better infrastructure, solutions for climate change and the wellbeing of local communities is a major priority across the Caribbean, but it is often a difficult process,” stated Mr. Wright. “Standard International Group specializes in securing financing for complex infrastructure projects, creating win-win situations for investors as well as communities.”
About Standard International Group

Standard International Group is an independent financial advisory boutique that emphasizes service and innovation. Founded by André Wright in 1996, Standard International Group focuses on revitalizing critical infrastructure projects across the U.S. Municipal, Caribbean, and West Africa. Mr. Wright brings a decade of Wall Street experience and over thirty years of financial advisory and investment banking expertise to some of these regions’ most pressing infrastructure problems. Standard International Group does business where others either cannot or are not willing to go. The firm’s financial advisory services are built around comprehensive financial and credit analysis, local knowledge and industry expertise with a focus on creating transformative solutions and successful outcomes. Standard International Group creates and shares opportunities with global investors, delivers debt and equity capital to sovereign and municipal governments and corporations, all while emphasizing the importance of positive results on a local level. For more information, please visit www.sig-usa.com.—

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