Location and Ownership
Eustatia Island is located at latitude 18.41 north and longitude 64.22 west in the eastern section of the British Virgin Islands slightly to the north of Virgin Gorda Gorda and Prickly Pear and to the south of Necker Island. The BVI are a group of islands located approximately 1,100 miles southeast of Miami, Florida, 60 miles dues east of Puerto Rico and about 120 miles northeast of St. Barts. The island was purchased in 2000 by Mike Hahn, a financier and avid sailor who grew up on Lake Erie. The island is leased by the British Crown to a company registered in the BVI named Eustatia Corporation (company # 1512465) and is entered into the Land Registry as Block 5547A. The head lease granted by the Crown also includes a lease that includes neighboring Saba Rock, a popular restaurant/bar/boutique hotel frequented by sailors, kiteboarders, musicians/actors and creative types. Esquire magazine hailed Saba Rock as a top bar scene in the British West Indies. The underlying shareholders of companies in the BVI are not required to register with the Company Registry therefore no definitive information is available on who the underlying owner is. Although the following statement cannot be corroborated by any authentic or reliable information source, it is widely thought among local BVI residents that the island is owned by Larry Paige
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