Ownership opportunities of studio and 3-bedroom condominium residences or private cliffside villas priced between $695,000 to $2,500,000. Azura, a unique oceanfront Boutique Hotel and Residences is rising in 2018 on the site of the former Surf Side Beach Club. Azura is located in the center of highly desirable South Shore beach corridor overlooking the expansive Atlantic Ocean. The property is ideally situated in close proximity to amenities including restaurants, spas, and golf courses. Less than 10 minutes from the City of Hamilton, Azura offers easy access to the city’s inviting restaurants, shopping, arts and other attractions. Use options include (A) full residence or individual bedrooms available for rental through the Hotel Management Company; (B) optional private “Owner’s Suite”: Studio, 1-bedroom, or 2-bedroom portion of Residence with ensuite bathroom and full kitchen / living room, private for owner use year-round; with the other bedrooms available for rental through the Hotel Management Company; or (C) private use only – no Hotel use. Subject to discretion of Sponsor, higher cost due to loss of Bermuda Government incentives. Hotel Residence Owners receive 50% of adjusted gross rental proceeds from transient Hotel guests.