Curaçao / St. Maarten:--- Dutch Caribbean Real Estate Fund (DCRF) has completed the acquisition of The Martin, an exclusive apartment building comprising 28 luxury suites located within the prestigious The Setai St. Maarten resort at Indigo Bay. The total purchase price amounts to approximately USD 22.5 million. The investment is held within a DCRF-structured closed-end real estate fund, capitalised primarily by Dutch and Caribbean investors and family offices.
The Setai St. Maarten represents the latest phase in the redevelopment of the project formerly known as Vie L’Ven Resort & Residences. With its repositioning under the globally renowned The Setai brand, the resort gains a strong luxury identity and international positioning. The resort is operated by Luxury Hotel Advisors and is affiliated with The Leading Hotels of the World. Guests and owners benefit from a high-end hospitality offering, including a beach club, spa facilities, and fine dining concepts under the guidance of legendary Michelin-starred chef Alain Ducasse.
Hans Leverman, Partner at DCRF: “After concluding my 32-year career as a tax advisor and partner at Deloitte in 2024, I joined Dutch Caribbean Real Estate Fund as a partner in 2025. With the acquisition of The Martin at The Setai St. Maarten, we achieve an important milestone in our growth strategy. By entering a project of this international standing at a strategically attractive moment, we are able to offer our investors a unique combination of immediate income and substantial upside potential. The transition to the global Setai brand underlines the quality of St. Maarten as one of the most promising destinations for luxury real estate in the region.”
Future Projects
With this acquisition, DCRF continues to expand its presence in the Caribbean region. Driven by the scarcity of high-quality beachfront locations and the favourable fiscal environment on St. Maarten, interest from family offices and high-net-worth individuals remains strong. DCRF expects to announce further details in the near future regarding new funds and investment opportunities across other islands within the Dutch Caribbean.