Real Estate - Cook Islands

Is there any red-blooded male living who has nothas been able to avoid the high cost of working
thought aat least once of packing it all in and goingthrough wholesalers and travel agents. By only
off to the South Seas? Well, this might be yourtaking direct bookings they have kept their rates
chance, particularly if you happen to have about35% to 50% below comparable properties and
two million US to invest in a new business. Thealso have a higher net return per night. This has
popular private resort, Shangri-La Beach Cottagesbeen one of the keys to their success as an
on Muri Beach, Rarotonga, Cook Islands, Southongoing business. Their goal has always been to
Pacific, is now for sale (Feb 2006), as the ownerprovide deluxe accommodation at a moderate
is considering retirement.The Cook Islands areprice. They do seem to be succeeding at this and
located in the heart of Polynesia in the Southas one former guest succinctly put it on the
Pacific. They lie about 700 miles west of Tahitiinternet: "Shangri-La provides the best bang for
and about 1000 miles east of Samoa and Tonga.the buck on the island!"Shangri-La is a small private
Hawaii is about 2500 miles north, New Zealandresort that occupies a prime beachfront section
about 1800 miles to the southwest. The climate isdirectly on beautiful Muri Beach, considered the
tropical, similar to that of Hawaii and Tahiti.nicest beach on Rarotonga. There are twelve
Tourism is a year 'round industry. Rarotonga isdeluxe cottages, a large swimming pool, office and
the largest of the 15 islands in the Cooks and theowner's deluxe beachfront two-story home. Five
main administrative centre.The population of theof the cottages are partial lagoon-view and seven
Cooks is about 15,000, with about 9,000 living onare garden cottages. This large property is 4544
Rarotonga. The main island has banks, ATMsq. m., about 1.12 acres.Although there are resorts
machines and dozens of restaurants, shops andand accommodations all around Rarotonga, Muri
markets. There is a modern telephone andBeach is considered the top vacation spot. There
international communications system with internetare four little islets in the crystal-clear lagoon and
and e-mail access. Everyone speaks English, whichthe best snorkeling on the island starts adjacent
is the official language, along with Cook Islandsto Shangri-La. Several of the top island
Maori. It is a stable self-governing democracy inrestaurants are in walking distance, as are shops,
free association with New Zealand and a membervehicle rentals, the Internet Cafe, the Sailing Club
of the British Commonwealth. The people areand lagoon tours. All island tours stop at the
very friendly, with a vibrant local culture of dance,Shangri-La entrance on the main road.The
music and crafts. There is a low crime rate.ThereShangri-La is next to the best snorkeling area on
is a large international airport that handlesRarotonga and they have complimentary
wide-body jets. There are about 17 flights asnorkeling gear for all guests. The kayaks are
week, which connect Rarotonga with Newvery popular with the guests, as there are four
Zealand, Los Angeles, Tahiti and Fiji. Onwardislets within a few minutes' paddle of us. There
connections to Australia and Europe areare sunloungers adjacent to the beach, under a
well-timed. The main carrier is the well-regardedlarge almond tree and a nearby beach shower.
Air New Zealand and Pacific Blue---the low-costThe entire property is fully-fenced, except for the
carrier associated with Virgin Blue---now servesbeachfront of course. The large parking area can
the Cooks from Australia and New Zealand.Visitorhold ten cars, or six cars and eight motorbikes
numbers to the Cooks have grown from aboutand is rarely filled to capacity. There is room for a
40,000 a decade ago to about 80,000 a yearcouple of rental cars and motorscoooters if you
more recently. Projections show it reaching aboutdesire to get into vehicle rentals for guests. The
100,000 in the next few years. From the 1970slocal bus also stops at the driveway entrance.
until about the late 1990s the only way to marketTropical plants abound on the property, including
Cook Islands' accommodations overseas wastrees such as banana, papaya, mango, coconut
through "wholesalers" and travel agents. Thesepalms and breadfruit and flowers such as hibiscus,
middlemen collectively take about 30-35% ofgardenia, jasmine, bougainvillea and alamander. A
what the guests pay to stay at anlarge lawn fronts all the cottages on the T-shaped
accommodation. In the last several years theproperty.There are several local law firms that
internet and e-mail have opened up new ways ofhandle commercial matters and it is
marketing accommodations overseas andrecommended that prospective purchasers
Shangri-La has been in the forefront of this moreconsider engaging a local firm to help assist them
lucrative "direct-booking only" system.With itsin the purchase of any local business.No one
continuing popularity assured by excellent reviewsconnected to this article in any way has any
in Lonely Planet, Frommers, South Pacificconnection whatsoever with the owner of
Handbook and travel websites such as TripShangri-La and/or its agents and the content
Advisor and Lonely Planet Thorn Tree, as well asherein is provided solely for informational and
word-of-mouth by their loyal guests, Shangri-Laeducational purposes to the general public.