Actually two different but adjoined properties. The hotel is the Coco de Mer, the Black Parrot Suites are attached and have their own private entrance. The communal resturant is in the hotel, and they share the same grounds - but the Black Parrot Suites has its own pool, deck, bar, etc.
The hotel is fantastic, but the Black Parrot Suites are worth the extra money. The views towards Mahe are stunning (as are the sunsets) and you have all the benefits of a luxury private resort set within a hotel. Expensive, but absolutely stunning.