The market for vacation home real estate is getting increasingly crowded with hoteliers. One recent entrant, Orient-Express Hotels, Trains and Cruises, a hotel and leisure company with investments in 39 international hotels including the famous Hotel Cipriani in Venice, has now branched into the second home market. This luxury hotel company is working on high-end lifestyle developments in the Caribbean, Mexico, Thailand and the U.S. that offer a range of full ownership condominiums and villas linked with luxury resorts and spas.

Properties include Mediterranean-style villas with private pools as well as yacht club residences in St. Martin, custom homes situated on a 600-acre private golf club in Charlottesville, W.Va., seaside villas at the Maroma Resort & Spa on the Riviera Maya in Mexico, and luxury villas complete with private pools at the Napasai Beach Resort & Villas in Koh Samui, Thailand.

Appealing particularly to boaters and yachtsmen, the condominiums at the Cupecoy Yacht Club on the Dutch Caribbean island of St. Martin are situated on a marina that can accommodate more than 40 vessels of up to 70 feet, and yachts ranging from 90 feet to 300 feet. Non-boating residents won’t be bored either; the development, modeled after the port towns of Southern France, boasts charming pathways that wind through gardens, connecting boutiques, a central piazza, full-service spa, fitness center, tennis center, swimming pool and nearby white-sand Cupecoy beach.

The Cupecoy Yacht Club’s 180 Mediterranean-style residences range from one- to four-bedrooms, and feature private covered terraces; some also include private pools and gardens. The target market is potential vacation home buyers, and the development is aiming for turnkey living by offering full décor packages. One ownership perk? A water taxi will transport visitors directly from the airport to the marina. The condominiums, on sale now, range from $500,000 to $2.5 million.

But is there room for another player in the hotelier-turned-residential-developer game? Every major hotel brand from Ritz-Carlton and Mandarin Oriental, to Four Seasons and even Shangri-La has launched a resort real estate product. All of these developers are facing the real estate slowdown, so new projects are only going to have to work harder to market their homes, no matter how fabulous, to an increasingly weary vacation home buyer.