MONTREAL, Dec. 6, 2011 /PRNewswire/ – Carimo, the leading villa rental and real estate provider on the Caribbean
island of St. Martin, has been acquired by Luxury Retreats, the company announced today.

Luxury Retreats had previously worked, for over a decade, with the
well-respected, 30-year-old villa rental stalwart in its capacity as
rental broker.

“This is a major milestone for both Carimo and Luxury Retreats,” said
Joe Poulin, President and CEO of the villa rental and management
specialist. “Quality properties, quality service, and integrity have
always been a big part of Carimo’s DNA. I can’t think of a company that
would be a better fit with our brand,” he noted.

The day-to-day operations of Carimo and the high-level service offered
by both companies will not be affected by the acquisition, stressed
Nick Guezen, the new Interim Manager of Carimo appointed by Luxury
Retreats.

“Carimo has been a fixture on the island of St. Martin for a long time,
and we have no intention of altering the standard associated with their
name or their way of doing business,” said Guezen, who added that
Carimo villas consistently rank among the most-booked properties of
Luxury Retreats’ entire 1,800 handpicked rental collection.

Travelers to St. Martin are lured by plentiful activities and great
golden beaches, along which many of Carimo’s luxurious private rental
homes can be found. St. Martin villas range in size and level of
luxury, though all of Luxury Retreats’ Carimo villas adhere to a
high-end standard and typically attract repeat visitors.

“Keeping travelers happy and returning to St. Martin for their vacations
in years to come remains our priority, so we are certain that both our
villa guests and owners will be pleased with the outcome of the
acquisition,” said Guezen. Luxury Retreats is the world’s largest specialist in luxury villa rentals, offering
just over 1,800 elite properties in 45 worldwide destinations. Founded
in 1999, the company has grown into a respected leader in the industry,
with over 120 employees between its Montreal headquarters and satellite
offices in Hawaii, the Caribbean and Argentina.

SOURCE Caribbean Way – Luxury Retreats