Blackadore Caye is a small island in Belize

Belize

Belize is a constitutional monarchy and the northernmost country in Central America. Belize has a diverse society, comprising many cultures and languages. Even though Kriol and Spanish are spoken among the population, Belize is the only country in Central America where English is the official...

, west of Ambergris Caye

Ambergris Caye

Ambergris Caye, pronounced "am-BER-gris", is the largest island of Belize located northeast of the country in the Caribbean Sea. Though administered as part of the Belize District, the closest point on the mainland is part of the Corozal District....

 , in the Atlantic Ocean

Atlantic Ocean

The Atlantic Ocean is the second-largest of the world's oceanic divisions. With a total area of about , it covers approximately 20% of the Earth's surface and about 26% of its water surface area...

, not far from the Belize Barrier Reef

Belize Barrier Reef

The Belize Barrier Reef is a series of coral reefs straddling the coast of Belize, roughly offshore in the north and in the south within the country limits...

It has been bought by American actor Leonardo DiCaprio

Leonardo DiCaprio

Leonardo Wilhelm DiCaprio is an American actor and film producer. He has received many awards, including a Golden Globe Award for Best Actor for his performance in The Aviator , and has been nominated by the Academy Awards, Screen Actors Guild and the British Academy of Film and Television...

 where he intends to build a hotel

Hotel

A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...

 and a private airport

Airport

An airport is a location where aircraft such as fixed-wing aircraft, helicopters, and blimps take off and land. Aircraft may be stored or maintained at an airport...

. DiCaprio had originally discovered the island on a vacation in 2004 while staying at the ultra-luxury resort Cayo Espanto. DiCaprio purchased Blackadore Caye with Cayo Espanto

Cayo Espanto

Cayo Espanto is a private island located off the coast of Belize. Since Cayo Espanto opened in 1998, the private islandretreat has graced more magazine covers than any other private island...

 owner Jeff Gram in 2005 for a reported $1.75 million. The two have now begun drawing up plans with Four Seasons Hotels and Resorts

Four Seasons Hotels and Resorts

Four Seasons Hotels, Inc. is a Canadian-based international ultra-luxury, five-star hotel management company. Travel + Leisure magazine and Zagat Survey rank the hotel chain's 84 properties among the top luxury hotels worldwide...

to create a five-star luxury resort based on sustainable design and environmental conservation.