Bahamas Partnering With Developer For Four Seasons Resort On Eleuthera
Photo: Bahamas government officials gathered last week with Cotton Bay Holdings and Four Seasons Hotel and Resorts executives to ink Eleuthera hotel development pact. (Courtesy of Bahamas Information Services)
The Bahamas government is partnering with a Fort Lauderdale-based developer and Four Seasons Hotels and Resorts to build a $100 million luxury resort on Eleuthera Island.
On Friday the parties announced a “Heads of Agreement” to build a new boutique resort with 115 hotel rooms, 40 private residences and an 18-hole Robert Trent Jones-designed golf course, plus a spa, restaurants, recreational facilities and a shopping center.
No official date was given for the start of construction, although Perry Christie, the Bahamas’ prime minister, was said in local media reports to expect ground breaking to launch this fall. The parties did not say when the project was to be completed. Christie described Luis Carlos Sarmiento Angulo, Cotton Bay Holdings’ principal, as “a long-time investor in Eleuthera real estate.”
Christie said the resort’s “initial build out” will generate 200 construction jobs, and another 300 permanent jobs will result from the resort’s operation. The resort’s completion will also create a “multiplier effect’ of indirect jobs and entrepreneurial opportunities in Eleuthera, said Christie in a Bahamas Information Services article.
Christie said the island’s airport will be upgraded to IATA standards to “allow for day and night commercial and private international flights” plus services and facilities “to meet the brand standards of Four Seasons and other significant touristic developments taking place in the immediate future.”
Obie Wilchcombe, the Bahamas’ minister of tourism his office would “work closely with [Sarmiento] to provide the necessary assistance with promotion and marketing.”
In 2009, Four Seasons closed a resort on Great Exuma, another Bahamas “out” island, a decision media reports linked to an overall Bahamas tourism decline. In a Bahamas Tribune article Alinio Azevedo, Four Seasons’ vice president of development said the company “always had plans to return to the Bahamas.”
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